Changzhou Aohong Electronics Balance Sheet Health
Financial Health criteria checks 6/6
Changzhou Aohong Electronics has a total shareholder equity of CN¥1.6B and total debt of CN¥93.0M, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are CN¥2.3B and CN¥663.4M respectively. Changzhou Aohong Electronics's EBIT is CN¥125.8M making its interest coverage ratio -8.1. It has cash and short-term investments of CN¥884.4M.
Key information
5.7%
Debt to equity ratio
CN¥93.00m
Debt
Interest coverage ratio | -8.1x |
Cash | CN¥884.41m |
Equity | CN¥1.62b |
Total liabilities | CN¥663.38m |
Total assets | CN¥2.28b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605058's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥613.6M).
Long Term Liabilities: 605058's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥49.8M).
Debt to Equity History and Analysis
Debt Level: 605058 has more cash than its total debt.
Reducing Debt: 605058's debt to equity ratio has reduced from 6.5% to 5.7% over the past 5 years.
Debt Coverage: 605058's debt is well covered by operating cash flow (200.9%).
Interest Coverage: 605058 earns more interest than it pays, so coverage of interest payments is not a concern.