Aecc Aero-Engine ControlLtd Balance Sheet Health
Financial Health criteria checks 6/6
Aecc Aero-Engine ControlLtd has a total shareholder equity of CN¥12.2B and total debt of CN¥6.5M, which brings its debt-to-equity ratio to 0.05%. Its total assets and total liabilities are CN¥15.8B and CN¥3.6B respectively. Aecc Aero-Engine ControlLtd's EBIT is CN¥706.8M making its interest coverage ratio -7.2. It has cash and short-term investments of CN¥5.5B.
Key information
0.05%
Debt to equity ratio
CN¥6.50m
Debt
Interest coverage ratio | -7.2x |
Cash | CN¥5.51b |
Equity | CN¥12.20b |
Total liabilities | CN¥3.57b |
Total assets | CN¥15.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000738's short term assets (CN¥11.1B) exceed its short term liabilities (CN¥2.9B).
Long Term Liabilities: 000738's short term assets (CN¥11.1B) exceed its long term liabilities (CN¥721.4M).
Debt to Equity History and Analysis
Debt Level: 000738 has more cash than its total debt.
Reducing Debt: 000738's debt to equity ratio has reduced from 7.1% to 0.05% over the past 5 years.
Debt Coverage: 000738's debt is well covered by operating cash flow (15127.7%).
Interest Coverage: 000738 earns more interest than it pays, so coverage of interest payments is not a concern.