Grand Baoxin Auto Group Balance Sheet Health
Financial Health criteria checks 3/6
Grand Baoxin Auto Group has a total shareholder equity of CN¥7.7B and total debt of CN¥8.1B, which brings its debt-to-equity ratio to 104.2%. Its total assets and total liabilities are CN¥23.1B and CN¥15.4B respectively. Grand Baoxin Auto Group's EBIT is CN¥907.9M making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥324.3M.
Key information
104.2%
Debt to equity ratio
CN¥8.06b
Debt
Interest coverage ratio | 1.7x |
Cash | CN¥324.28m |
Equity | CN¥7.74b |
Total liabilities | CN¥15.36b |
Total assets | CN¥23.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6BA's short term assets (CN¥15.1B) exceed its short term liabilities (CN¥11.4B).
Long Term Liabilities: 6BA's short term assets (CN¥15.1B) exceed its long term liabilities (CN¥3.9B).
Debt to Equity History and Analysis
Debt Level: 6BA's net debt to equity ratio (100%) is considered high.
Reducing Debt: 6BA's debt to equity ratio has reduced from 136.1% to 104.2% over the past 5 years.
Debt Coverage: 6BA's debt is not well covered by operating cash flow (2.2%).
Interest Coverage: 6BA's interest payments on its debt are not well covered by EBIT (1.7x coverage).