Sumec Balance Sheet Health
Financial Health criteria checks 6/6
Sumec has a total shareholder equity of CN¥13.7B and total debt of CN¥5.4B, which brings its debt-to-equity ratio to 39.5%. Its total assets and total liabilities are CN¥56.3B and CN¥42.5B respectively. Sumec's EBIT is CN¥3.5B making its interest coverage ratio -56.2. It has cash and short-term investments of CN¥11.0B.
Key information
39.5%
Debt to equity ratio
CN¥5.42b
Debt
| Interest coverage ratio | -56.2x |
| Cash | CN¥10.98b |
| Equity | CN¥13.72b |
| Total liabilities | CN¥42.53b |
| Total assets | CN¥56.25b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600710's short term assets (CN¥46.6B) exceed its short term liabilities (CN¥39.7B).
Long Term Liabilities: 600710's short term assets (CN¥46.6B) exceed its long term liabilities (CN¥2.9B).
Debt to Equity History and Analysis
Debt Level: 600710 has more cash than its total debt.
Reducing Debt: 600710's debt to equity ratio has reduced from 193.4% to 39.5% over the past 5 years.
Debt Coverage: 600710's debt is well covered by operating cash flow (27.7%).
Interest Coverage: 600710 earns more interest than it pays, so coverage of interest payments is not a concern.