Kinco Automation (Shanghai)Ltd Balance Sheet Health
Financial Health criteria checks 5/6
Kinco Automation (Shanghai)Ltd has a total shareholder equity of CN¥752.3M and total debt of CN¥35.0M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are CN¥953.4M and CN¥201.1M respectively. Kinco Automation (Shanghai)Ltd's EBIT is CN¥42.1M making its interest coverage ratio -4.1. It has cash and short-term investments of CN¥425.1M.
Key information
4.7%
Debt to equity ratio
CN¥35.00m
Debt
| Interest coverage ratio | -4.1x |
| Cash | CN¥425.06m |
| Equity | CN¥752.32m |
| Total liabilities | CN¥201.06m |
| Total assets | CN¥953.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688160's short term assets (CN¥729.9M) exceed its short term liabilities (CN¥180.9M).
Long Term Liabilities: 688160's short term assets (CN¥729.9M) exceed its long term liabilities (CN¥20.2M).
Debt to Equity History and Analysis
Debt Level: 688160 has more cash than its total debt.
Reducing Debt: 688160's debt to equity ratio has increased from 0% to 4.7% over the past 5 years.
Debt Coverage: 688160's debt is well covered by operating cash flow (257.2%).
Interest Coverage: 688160 earns more interest than it pays, so coverage of interest payments is not a concern.