Shanghai Automobile Air-Conditioner Accessories Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Automobile Air-Conditioner Accessories has a total shareholder equity of CN¥2.0B and total debt of CN¥191.8M, which brings its debt-to-equity ratio to 9.4%. Its total assets and total liabilities are CN¥2.8B and CN¥720.3M respectively. Shanghai Automobile Air-Conditioner Accessories's EBIT is CN¥176.7M making its interest coverage ratio -15.7. It has cash and short-term investments of CN¥1.1B.
Key information
9.4%
Debt to equity ratio
CN¥191.82m
Debt
Interest coverage ratio | -15.7x |
Cash | CN¥1.06b |
Equity | CN¥2.05b |
Total liabilities | CN¥720.34m |
Total assets | CN¥2.77b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603107's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥552.4M).
Long Term Liabilities: 603107's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥167.9M).
Debt to Equity History and Analysis
Debt Level: 603107 has more cash than its total debt.
Reducing Debt: 603107's debt to equity ratio has reduced from 19.8% to 9.4% over the past 5 years.
Debt Coverage: 603107's debt is well covered by operating cash flow (59.7%).
Interest Coverage: 603107 earns more interest than it pays, so coverage of interest payments is not a concern.