AA Industrial Belting (Shanghai)Ltd Balance Sheet Health
Financial Health criteria checks 5/6
AA Industrial Belting (Shanghai)Ltd has a total shareholder equity of CN¥456.6M and total debt of CN¥19.2M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are CN¥524.8M and CN¥68.2M respectively.
Key information
4.2%
Debt to equity ratio
CN¥19.21m
Debt
Interest coverage ratio | n/a |
Cash | CN¥39.26m |
Equity | CN¥456.59m |
Total liabilities | CN¥68.17m |
Total assets | CN¥524.76m |
Financial Position Analysis
Short Term Liabilities: 603580's short term assets (CN¥190.6M) exceed its short term liabilities (CN¥57.5M).
Long Term Liabilities: 603580's short term assets (CN¥190.6M) exceed its long term liabilities (CN¥10.7M).
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 reduced from 4.9% to 4.2% over the past 5 years.
Debt Coverage: 603580's debt is well covered by operating cash flow (194.9%).
Interest Coverage: Insufficient data to determine if 603580's interest payments on its debt are well covered by EBIT.