China Grand Automotive Services GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
China Grand Automotive Services GroupLtd has a total shareholder equity of CN¥42.5B and total debt of CN¥46.3B, which brings its debt-to-equity ratio to 108.9%. Its total assets and total liabilities are CN¥111.7B and CN¥69.3B respectively. China Grand Automotive Services GroupLtd's EBIT is CN¥2.9B making its interest coverage ratio 1.3. It has cash and short-term investments of CN¥8.3B.
Key information
108.9%
Debt to equity ratio
CN¥46.25b
Debt
Interest coverage ratio | 1.3x |
Cash | CN¥8.34b |
Equity | CN¥42.48b |
Total liabilities | CN¥69.25b |
Total assets | CN¥111.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600297's short term assets (CN¥63.3B) exceed its short term liabilities (CN¥53.3B).
Long Term Liabilities: 600297's short term assets (CN¥63.3B) exceed its long term liabilities (CN¥15.9B).
Debt to Equity History and Analysis
Debt Level: 600297's net debt to equity ratio (89.2%) is considered high.
Reducing Debt: 600297's debt to equity ratio has reduced from 122.3% to 108.9% over the past 5 years.
Debt Coverage: 600297's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: 600297's interest payments on its debt are not well covered by EBIT (1.3x coverage).