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¥2.8B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 49.5%. Its total assets and total liabilities are CN¥6.4B and CN¥3.6B respectively. Zhejiang Asia-Pacific Mechanical & ElectronicLtd's EBIT is CN¥152.0M making its interest coverage ratio 5.7. It has cash and short-term investments of CN¥2.9B.
Key information
49.5%
Debt to equity ratio
CN¥1.40b
Debt
| Interest coverage ratio | 5.7x |
| Cash | CN¥2.92b |
| Equity | CN¥2.83b |
| Total liabilities | CN¥3.60b |
| Total assets | CN¥6.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002284's short term assets (CN¥4.4B) exceed its short term liabilities (CN¥3.5B).
Long Term Liabilities: 002284's short term assets (CN¥4.4B) exceed its long term liabilities (CN¥146.5M).
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 41.8% to 49.5% over the past 5 years.
Debt Coverage: 002284's debt is well covered by operating cash flow (45.7%).
Interest Coverage: 002284's interest payments on its debt are well covered by EBIT (5.7x coverage).