Jiangsu Asia-Pacific Light Alloy Technology Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Asia-Pacific Light Alloy Technology has a total shareholder equity of CN¥5.8B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 19.5%. Its total assets and total liabilities are CN¥7.8B and CN¥2.0B respectively. Jiangsu Asia-Pacific Light Alloy Technology's EBIT is CN¥613.1M making its interest coverage ratio 420. It has cash and short-term investments of CN¥1.1B.
Key information
19.5%
Debt to equity ratio
CN¥1.13b
Debt
| Interest coverage ratio | 420x |
| Cash | CN¥1.15b |
| Equity | CN¥5.79b |
| Total liabilities | CN¥2.00b |
| Total assets | CN¥7.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002540's short term assets (CN¥5.0B) exceed its short term liabilities (CN¥787.2M).
Long Term Liabilities: 002540's short term assets (CN¥5.0B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002540 has more cash than its total debt.
Reducing Debt: 002540's debt to equity ratio has increased from 5.9% to 19.5% over the past 5 years.
Debt Coverage: 002540's debt is well covered by operating cash flow (25.5%).
Interest Coverage: 002540's interest payments on its debt are well covered by EBIT (420x coverage).