AA Industrial Belting (Shanghai)Ltd Balance Sheet Health
Financial Health criteria checks 4/6
AA Industrial Belting (Shanghai)Ltd has a total shareholder equity of CN¥449.6M and total debt of CN¥20.0M, which brings its debt-to-equity ratio to 4.5%. Its total assets and total liabilities are CN¥527.8M and CN¥78.2M respectively. AA Industrial Belting (Shanghai)Ltd's EBIT is CN¥1.6M making its interest coverage ratio 0.9. It has cash and short-term investments of CN¥35.9M.
Key information
4.5%
Debt to equity ratio
CN¥20.04m
Debt
| Interest coverage ratio | 0.9x |
| Cash | CN¥35.93m |
| Equity | CN¥449.56m |
| Total liabilities | CN¥78.21m |
| Total assets | CN¥527.76m |
Recent financial health updates
No updates
Recent updates
AA Industrial Belting (Shanghai) Co.,Ltd's (SHSE:603580) Share Price Not Quite Adding Up
Sep 29
Some Confidence Is Lacking In AA Industrial Belting (Shanghai) Co.,Ltd (SHSE:603580) As Shares Slide 35%
Jun 06Risks Still Elevated At These Prices As AA Industrial Belting (Shanghai) Co.,Ltd (SHSE:603580) Shares Dive 35%
Apr 21AA Industrial Belting (Shanghai) Co.,Ltd (SHSE:603580) May Have Run Too Fast Too Soon With Recent 28% Price Plummet
Feb 26Financial Position Analysis
Short Term Liabilities: 603580's short term assets (CN¥202.0M) exceed its short term liabilities (CN¥69.7M).
Long Term Liabilities: 603580's short term assets (CN¥202.0M) exceed its long term liabilities (CN¥8.5M).
Debt to Equity History and Analysis
Debt Level: 603580 has more cash than its total debt.
Reducing Debt: 603580's debt to equity ratio has increased from 4% to 4.5% over the past 5 years.
Debt Coverage: 603580's debt is well covered by operating cash flow (114.4%).
Interest Coverage: 603580's interest payments on its debt are not well covered by EBIT (0.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 04:43 |
| End of Day Share Price | 2024/12/25 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
AA Industrial Belting (Shanghai) Co.,Ltd is covered by 0 analysts. 0 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 |
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