Inner Mongolia First Machinery GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Inner Mongolia First Machinery GroupLtd has a total shareholder equity of CN¥11.6B and total debt of CN¥43.0M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥22.9B and CN¥11.2B respectively. Inner Mongolia First Machinery GroupLtd's EBIT is CN¥643.3M making its interest coverage ratio -3.8. It has cash and short-term investments of CN¥3.3B.
Key information
0.4%
Debt to equity ratio
CN¥43.00m
Debt
Interest coverage ratio | -3.8x |
Cash | CN¥3.27b |
Equity | CN¥11.65b |
Total liabilities | CN¥11.25b |
Total assets | CN¥22.89b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600967's short term assets (CN¥14.2B) exceed its short term liabilities (CN¥10.5B).
Long Term Liabilities: 600967's short term assets (CN¥14.2B) exceed its long term liabilities (CN¥768.0M).
Debt to Equity History and Analysis
Debt Level: 600967 has more cash than its total debt.
Reducing Debt: 600967's debt to equity ratio has reduced from 1.1% to 0.4% over the past 5 years.
Debt Coverage: 600967's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600967 earns more interest than it pays, so coverage of interest payments is not a concern.