CATARC Automotive Proving GroundLtd Balance Sheet Health
Financial Health criteria checks 6/6
CATARC Automotive Proving GroundLtd has a total shareholder equity of CN¥2.8B and total debt of CN¥445.5K, which brings its debt-to-equity ratio to 0.02%. Its total assets and total liabilities are CN¥3.4B and CN¥598.1M respectively. CATARC Automotive Proving GroundLtd's EBIT is CN¥163.9M making its interest coverage ratio -8.1. It has cash and short-term investments of CN¥549.2M.
Key information
0.02%
Debt to equity ratio
CN¥445.55k
Debt
Interest coverage ratio | -8.1x |
Cash | CN¥549.19m |
Equity | CN¥2.84b |
Total liabilities | CN¥598.11m |
Total assets | CN¥3.44b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301215's short term assets (CN¥948.5M) exceed its short term liabilities (CN¥310.4M).
Long Term Liabilities: 301215's short term assets (CN¥948.5M) exceed its long term liabilities (CN¥287.7M).
Debt to Equity History and Analysis
Debt Level: 301215 has more cash than its total debt.
Reducing Debt: 301215's debt to equity ratio has reduced from 5.3% to 0.02% over the past 5 years.
Debt Coverage: 301215's debt is well covered by operating cash flow (51007.1%).
Interest Coverage: 301215 earns more interest than it pays, so coverage of interest payments is not a concern.