Aecc Aero Science and TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Aecc Aero Science and TechnologyLtd has a total shareholder equity of CN¥2.6B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 88%. Its total assets and total liabilities are CN¥8.7B and CN¥6.1B respectively. Aecc Aero Science and TechnologyLtd's EBIT is CN¥149.8M making its interest coverage ratio 2.6. It has cash and short-term investments of CN¥203.9M.
Key information
88.0%
Debt to equity ratio
CN¥2.31b
Debt
| Interest coverage ratio | 2.6x |
| Cash | CN¥203.89m |
| Equity | CN¥2.63b |
| Total liabilities | CN¥6.07b |
| Total assets | CN¥8.70b |
Recent financial health updates
Is Aecc Aero Science and TechnologyLtd (SHSE:600391) Using Too Much Debt?
Sep 30
Here's Why Aecc Aero Science and TechnologyLtd (SHSE:600391) Is Weighed Down By Its Debt Load
Jun 25Recent updates
Aecc Aero Science and TechnologyLtd's (SHSE:600391) Shareholders Have More To Worry About Than Only Soft Earnings
Nov 06Is Aecc Aero Science and TechnologyLtd (SHSE:600391) Using Too Much Debt?
Sep 30Returns At Aecc Aero Science and TechnologyLtd (SHSE:600391) Are On The Way Up
Jul 31Here's Why Aecc Aero Science and TechnologyLtd (SHSE:600391) Is Weighed Down By Its Debt Load
Jun 25Aecc Aero Science and Technology Co.,Ltd's (SHSE:600391) Price Is Right But Growth Is Lacking
Jun 07We Think Aecc Aero Science and TechnologyLtd's (SHSE:600391) Healthy Earnings Might Be Conservative
Apr 05Returns At Aecc Aero Science and TechnologyLtd (SHSE:600391) Are On The Way Up
Mar 27Aecc Aero Science and Technology Co.,Ltd (SHSE:600391) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected
Mar 06Financial Position Analysis
Short Term Liabilities: 600391's short term assets (CN¥6.3B) exceed its short term liabilities (CN¥5.1B).
Long Term Liabilities: 600391's short term assets (CN¥6.3B) exceed its long term liabilities (CN¥990.6M).
Debt to Equity History and Analysis
Debt Level: 600391's net debt to equity ratio (80.2%) is considered high.
Reducing Debt: 600391's debt to equity ratio has reduced from 116.2% to 88% over the past 5 years.
Debt Coverage: 600391's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600391's interest payments on its debt are not well covered by EBIT (2.6x coverage).