China Aerospace International Holdings Balance Sheet Health
Financial Health criteria checks 4/6
China Aerospace International Holdings has a total shareholder equity of HK$9.5B and total debt of HK$1.4B, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are HK$14.6B and HK$5.1B respectively. China Aerospace International Holdings's EBIT is HK$54.1M making its interest coverage ratio 2.3. It has cash and short-term investments of HK$1.7B.
Key information
14.7%
Debt to equity ratio
HK$1.39b
Debt
Interest coverage ratio | 2.3x |
Cash | HK$1.72b |
Equity | HK$9.47b |
Total liabilities | HK$5.11b |
Total assets | HK$14.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIOC's short term assets (HK$3.3B) exceed its short term liabilities (HK$1.4B).
Long Term Liabilities: CIOC's short term assets (HK$3.3B) do not cover its long term liabilities (HK$3.7B).
Debt to Equity History and Analysis
Debt Level: CIOC has more cash than its total debt.
Reducing Debt: CIOC's debt to equity ratio has reduced from 16.1% to 14.7% over the past 5 years.
Debt Coverage: CIOC's debt is well covered by operating cash flow (46.4%).
Interest Coverage: CIOC's interest payments on its debt are not well covered by EBIT (2.3x coverage).