Asia Cuanon Technology (Shanghai)Ltd Balance Sheet Health
Financial Health criteria checks 2/6
Asia Cuanon Technology (Shanghai)Ltd has a total shareholder equity of CN¥1.7B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 145.5%. Its total assets and total liabilities are CN¥6.4B and CN¥4.7B respectively. Asia Cuanon Technology (Shanghai)Ltd's EBIT is CN¥275.1M making its interest coverage ratio -30570643. It has cash and short-term investments of CN¥467.7M.
Key information
145.5%
Debt to equity ratio
CN¥2.41b
Debt
Interest coverage ratio | -30570643x |
Cash | CN¥467.72m |
Equity | CN¥1.66b |
Total liabilities | CN¥4.72b |
Total assets | CN¥6.38b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603378's short term assets (CN¥2.7B) do not cover its short term liabilities (CN¥3.9B).
Long Term Liabilities: 603378's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥779.4M).
Debt to Equity History and Analysis
Debt Level: 603378's net debt to equity ratio (117.3%) is considered high.
Reducing Debt: 603378's debt to equity ratio has increased from 33.1% to 145.5% over the past 5 years.
Debt Coverage: 603378's debt is not well covered by operating cash flow (15%).
Interest Coverage: 603378 earns more interest than it pays, so coverage of interest payments is not a concern.