Yantai Yatong Precision Mechanical Balance Sheet Health
Financial Health criteria checks 4/6
Yantai Yatong Precision Mechanical has a total shareholder equity of CN¥2.1B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 48.6%. Its total assets and total liabilities are CN¥3.8B and CN¥1.7B respectively. Yantai Yatong Precision Mechanical's EBIT is CN¥133.6M making its interest coverage ratio 9.1. It has cash and short-term investments of CN¥507.2M.
Key information
48.6%
Debt to equity ratio
CN¥1.02b
Debt
| Interest coverage ratio | 9.1x |
| Cash | CN¥507.24m |
| Equity | CN¥2.11b |
| Total liabilities | CN¥1.73b |
| Total assets | CN¥3.84b |
Financial Position Analysis
Short Term Liabilities: 603190's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 603190's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥212.0M).
Debt to Equity History and Analysis
Debt Level: 603190's net debt to equity ratio (24.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 603190's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 603190's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603190's interest payments on its debt are well covered by EBIT (9.1x coverage).