Zhejiang Asia-Pacific Mechanical & ElectronicLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Asia-Pacific Mechanical & ElectronicLtd has a total shareholder equity of CN¥2.9B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 41.8%. Its total assets and total liabilities are CN¥6.4B and CN¥3.5B respectively. Zhejiang Asia-Pacific Mechanical & ElectronicLtd's EBIT is CN¥153.3M making its interest coverage ratio 3.8. It has cash and short-term investments of CN¥2.3B.
Key information
41.8%
Debt to equity ratio
CN¥1.20b
Debt
Interest coverage ratio | 3.8x |
Cash | CN¥2.28b |
Equity | CN¥2.86b |
Total liabilities | CN¥3.49b |
Total assets | CN¥6.35b |
Recent financial health updates
No updates
Recent updates
Zhejiang Asia-Pacific Mechanical & ElectronicLtd's (SZSE:002284) Earnings May Just Be The Starting Point
Apr 25Slowing Rates Of Return At Zhejiang Asia-Pacific Mechanical & ElectronicLtd (SZSE:002284) Leave Little Room For Excitement
Apr 18Earnings Not Telling The Story For Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd (SZSE:002284) After Shares Rise 28%
Mar 06Financial Position Analysis
Short Term Liabilities: 002284's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥3.3B).
Long Term Liabilities: 002284's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥149.0M).
Debt to Equity History and Analysis
Debt Level: 002284 has more cash than its total debt.
Reducing Debt: 002284's debt to equity ratio has increased from 40.8% to 41.8% over the past 5 years.
Debt Coverage: 002284's debt is well covered by operating cash flow (37.9%).
Interest Coverage: 002284's interest payments on its debt are well covered by EBIT (3.8x coverage).