Sany Heavy IndustryLtd Balance Sheet Health
Financial Health criteria checks 5/6
Sany Heavy IndustryLtd has a total shareholder equity of CN¥68.9B and total debt of CN¥32.2B, which brings its debt-to-equity ratio to 46.8%. Its total assets and total liabilities are CN¥154.3B and CN¥85.4B respectively. Sany Heavy IndustryLtd's EBIT is CN¥6.3B making its interest coverage ratio 19.2. It has cash and short-term investments of CN¥30.7B.
Key information
46.8%
Debt to equity ratio
CN¥32.25b
Debt
Interest coverage ratio | 19.2x |
Cash | CN¥30.73b |
Equity | CN¥68.94b |
Total liabilities | CN¥85.37b |
Total assets | CN¥154.31b |
Financial Position Analysis
Short Term Liabilities: 600031's short term assets (CN¥100.8B) exceed its short term liabilities (CN¥59.7B).
Long Term Liabilities: 600031's short term assets (CN¥100.8B) exceed its long term liabilities (CN¥25.7B).
Debt to Equity History and Analysis
Debt Level: 600031's net debt to equity ratio (2.2%) is considered satisfactory.
Reducing Debt: 600031's debt to equity ratio has reduced from 46.8% to 46.8% over the past 5 years.
Debt Coverage: 600031's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: 600031's interest payments on its debt are well covered by EBIT (19.2x coverage).