Shanghai Lianming Machinery Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Lianming Machinery has a total shareholder equity of CN¥1.7B and total debt of CN¥1.7M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CN¥2.2B and CN¥475.1M respectively. Shanghai Lianming Machinery's EBIT is CN¥171.9M making its interest coverage ratio -77.2. It has cash and short-term investments of CN¥600.2M.
Key information
0.1%
Debt to equity ratio
CN¥1.72m
Debt
Interest coverage ratio | -77.2x |
Cash | CN¥600.16m |
Equity | CN¥1.73b |
Total liabilities | CN¥475.08m |
Total assets | CN¥2.20b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603006's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥427.5M).
Long Term Liabilities: 603006's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥47.6M).
Debt to Equity History and Analysis
Debt Level: 603006 has more cash than its total debt.
Reducing Debt: 603006's debt to equity ratio has reduced from 26.8% to 0.1% over the past 5 years.
Debt Coverage: 603006's debt is well covered by operating cash flow (12283.1%).
Interest Coverage: 603006 earns more interest than it pays, so coverage of interest payments is not a concern.