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).