Gansu Yasheng Industrial (Group) Balance Sheet Health
Financial Health criteria checks 2/6
Gansu Yasheng Industrial (Group) has a total shareholder equity of CN¥4.2B and total debt of CN¥3.4B, which brings its debt-to-equity ratio to 80.7%. Its total assets and total liabilities are CN¥9.0B and CN¥4.8B respectively. Gansu Yasheng Industrial (Group)'s EBIT is CN¥179.7M making its interest coverage ratio 1.6. It has cash and short-term investments of CN¥563.1M.
Key information
80.7%
Debt to equity ratio
CN¥3.39b
Debt
| Interest coverage ratio | 1.6x |
| Cash | CN¥563.14m |
| Equity | CN¥4.20b |
| Total liabilities | CN¥4.75b |
| Total assets | CN¥8.95b |
Financial Position Analysis
Short Term Liabilities: 600108's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 600108's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥2.7B).
Debt to Equity History and Analysis
Debt Level: 600108's net debt to equity ratio (67.3%) is considered high.
Reducing Debt: 600108's debt to equity ratio has increased from 55.9% to 80.7% over the past 5 years.
Debt Coverage: 600108's debt is not well covered by operating cash flow (4.4%).
Interest Coverage: 600108's interest payments on its debt are not well covered by EBIT (1.6x coverage).