Jiangsu Alcha Aluminium Group Balance Sheet Health
Financial Health criteria checks 3/6
Jiangsu Alcha Aluminium Group has a total shareholder equity of CN¥3.7B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 75.5%. Its total assets and total liabilities are CN¥8.5B and CN¥4.8B respectively. Jiangsu Alcha Aluminium Group's EBIT is CN¥178.0M making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥727.4M.
Key information
75.5%
Debt to equity ratio
CN¥2.77b
Debt
| Interest coverage ratio | 1.7x |
| Cash | CN¥727.38m |
| Equity | CN¥3.66b |
| Total liabilities | CN¥4.80b |
| Total assets | CN¥8.46b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002160's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥3.3B).
Long Term Liabilities: 002160's short term assets (CN¥5.6B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 002160's net debt to equity ratio (55.7%) is considered high.
Reducing Debt: 002160's debt to equity ratio has reduced from 81.1% to 75.5% over the past 5 years.
Debt Coverage: 002160's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002160's interest payments on its debt are not well covered by EBIT (1.7x coverage).