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¥150.6M, which brings its debt-to-equity ratio to 7.4%. Its total assets and total liabilities are CN¥2.7B and CN¥668.4M respectively. Shanghai Automobile Air-Conditioner Accessories's EBIT is CN¥178.4M making its interest coverage ratio -12.6. It has cash and short-term investments of CN¥833.7M.
Key information
7.4%
Debt to equity ratio
CN¥150.62m
Debt
| Interest coverage ratio | -12.6x |
| Cash | CN¥833.71m |
| Equity | CN¥2.02b |
| Total liabilities | CN¥668.42m |
| Total assets | CN¥2.69b |
Recent financial health updates
Shanghai Automobile Air-Conditioner Accessories (SHSE:603107) Seems To Use Debt Quite Sensibly
Aug 23
Recent updates
Shanghai Automobile Air-Conditioner Accessories' (SHSE:603107) Shareholders Have More To Worry About Than Only Soft Earnings
Nov 05Shanghai Automobile Air-Conditioner Accessories (SHSE:603107) Seems To Use Debt Quite Sensibly
Aug 23Shanghai Automobile Air-Conditioner Accessories' (SHSE:603107) Solid Profits Have Weak Fundamentals
Apr 29Financial Position Analysis
Short Term Liabilities: 603107's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥518.6M).
Long Term Liabilities: 603107's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥149.8M).
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 22.5% to 7.4% over the past 5 years.
Debt Coverage: 603107's debt is well covered by operating cash flow (25.4%).
Interest Coverage: 603107 earns more interest than it pays, so coverage of interest payments is not a concern.