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¥5.4B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 20.9%. Its total assets and total liabilities are CN¥7.5B and CN¥2.1B respectively. Jiangsu Asia-Pacific Light Alloy Technology's EBIT is CN¥567.9M making its interest coverage ratio 33.2. It has cash and short-term investments of CN¥1.1B.
Key information
20.9%
Debt to equity ratio
CN¥1.14b
Debt
| Interest coverage ratio | 33.2x |
| Cash | CN¥1.14b |
| Equity | CN¥5.44b |
| Total liabilities | CN¥2.08b |
| Total assets | CN¥7.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002540's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥826.2M).
Long Term Liabilities: 002540's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥1.3B).
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 4.4% to 20.9% over the past 5 years.
Debt Coverage: 002540's debt is well covered by operating cash flow (55.7%).
Interest Coverage: 002540's interest payments on its debt are well covered by EBIT (33.2x coverage).