Shanghai Dongzheng Automotive Finance Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Dongzheng Automotive Finance has a total shareholder equity of CN¥3.4B and total debt of CN¥9.4M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥3.5B and CN¥152.5M respectively.
Key information
0.3%
Debt to equity ratio
CN¥9.44m
Debt
| Interest coverage ratio | n/a |
| Cash | n/a |
| Equity | CN¥3.38b |
| Total liabilities | CN¥152.50m |
| Total assets | CN¥3.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2XK's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥71.3M).
Long Term Liabilities: 2XK's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥81.2M).
Debt to Equity History and Analysis
Debt Level: 2XK's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: 2XK's debt to equity ratio has reduced from 224% to 0.3% over the past 5 years.
Debt Coverage: 2XK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 2XK's interest payments on its debt are well covered by EBIT.