Shandong Mining Machinery Group Co., Ltd.

SZSE:002526 Stock Report

Market Cap: CN¥5.3b

Shandong Mining Machinery Group Balance Sheet Health

Financial Health criteria checks 4/6

Shandong Mining Machinery Group has a total shareholder equity of CN¥3.2B and total debt of CN¥332.6M, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are CN¥4.9B and CN¥1.8B respectively. Shandong Mining Machinery Group's EBIT is CN¥57.7M making its interest coverage ratio -1.7. It has cash and short-term investments of CN¥725.8M.

Key information

10.5%

Debt to equity ratio

CN¥332.62m

Debt

Interest coverage ratio-1.7x
CashCN¥725.85m
EquityCN¥3.16b
Total liabilitiesCN¥1.75b
Total assetsCN¥4.91b

Recent financial health updates

Recent updates

Shandong Mining Machinery Group Co., Ltd.'s (SZSE:002526) Popularity With Investors Is Under Threat From Overpricing

Jun 11
Shandong Mining Machinery Group Co., Ltd.'s (SZSE:002526) Popularity With Investors Is Under Threat From Overpricing

Impressive Earnings May Not Tell The Whole Story For Shandong Mining Machinery Group (SZSE:002526)

May 01
Impressive Earnings May Not Tell The Whole Story For Shandong Mining Machinery Group (SZSE:002526)

Here's Why Shandong Mining Machinery Group (SZSE:002526) Can Manage Its Debt Responsibly

Mar 19
Here's Why Shandong Mining Machinery Group (SZSE:002526) Can Manage Its Debt Responsibly

Financial Position Analysis

Short Term Liabilities: 002526's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥1.7B).

Long Term Liabilities: 002526's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥4.8M).


Debt to Equity History and Analysis

Debt Level: 002526 has more cash than its total debt.

Reducing Debt: 002526's debt to equity ratio has increased from 2.6% to 10.5% over the past 5 years.

Debt Coverage: 002526's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 002526 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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