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¥1.5B, which brings its debt-to-equity ratio to 53.1%. Its total assets and total liabilities are CN¥6.7B and CN¥3.8B respectively. Zhejiang Asia-Pacific Mechanical & ElectronicLtd's EBIT is CN¥167.1M making its interest coverage ratio 17.4. It has cash and short-term investments of CN¥3.1B.
Key information
53.1%
Debt to equity ratio
CN¥1.53b
Debt
| Interest coverage ratio | 17.4x |
| Cash | CN¥3.05b |
| Equity | CN¥2.88b |
| Total liabilities | CN¥3.84b |
| Total assets | CN¥6.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002284's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥3.7B).
Long Term Liabilities: 002284's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥144.3M).
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 42.7% to 53.1% over the past 5 years.
Debt Coverage: 002284's debt is well covered by operating cash flow (68.4%).
Interest Coverage: 002284's interest payments on its debt are well covered by EBIT (17.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 12:03 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd is covered by 8 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Chun Xu | Changjiang Securities Co. LTD. |
| Lingyun Li | China International Capital Corporation Limited |
| Chunbo LI | Citic Securities Co., Ltd. |