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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¥42.0B and total debt of CN¥33.9B, which brings its debt-to-equity ratio to 80.7%. Its total assets and total liabilities are CN¥105.5B and CN¥63.4B respectively. China Grand Automotive Services GroupLtd's EBIT is CN¥2.0B making its interest coverage ratio 1. It has cash and short-term investments of CN¥6.6B.
Key information
80.7%
Debt to equity ratio
CN¥33.91b
Debt
| Interest coverage ratio | 1x |
| Cash | CN¥6.62b |
| Equity | CN¥42.04b |
| Total liabilities | CN¥63.43b |
| Total assets | CN¥105.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600297's short term assets (CN¥57.0B) exceed its short term liabilities (CN¥50.4B).
Long Term Liabilities: 600297's short term assets (CN¥57.0B) exceed its long term liabilities (CN¥13.1B).
Debt to Equity History and Analysis
Debt Level: 600297's net debt to equity ratio (64.9%) is considered high.
Reducing Debt: 600297's debt to equity ratio has reduced from 128.8% to 80.7% over the past 5 years.
Debt Coverage: 600297's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: 600297's interest payments on its debt are not well covered by EBIT (1x coverage).