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¥19.8B and CN¥8.2B respectively. Inner Mongolia First Machinery GroupLtd's EBIT is CN¥414.6M making its interest coverage ratio -1.6. It has cash and short-term investments of CN¥4.1B.
Key information
0.4%
Debt to equity ratio
CN¥43.00m
Debt
| Interest coverage ratio | -1.6x |
| Cash | CN¥4.10b |
| Equity | CN¥11.56b |
| Total liabilities | CN¥8.19b |
| Total assets | CN¥19.76b |
Recent financial health updates
Here's Why Inner Mongolia First Machinery GroupLtd (SHSE:600967) Has A Meaningful Debt Burden
Oct 13
Does Inner Mongolia First Machinery GroupLtd (SHSE:600967) Have A Healthy Balance Sheet?
Jun 19Recent updates
Inner Mongolia First Machinery GroupLtd's (SHSE:600967) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Oct 31Here's Why Inner Mongolia First Machinery GroupLtd (SHSE:600967) Has A Meaningful Debt Burden
Oct 13Investors Aren't Buying Inner Mongolia First Machinery Group Co.,Ltd.'s (SHSE:600967) Earnings
Sep 24Slowing Rates Of Return At Inner Mongolia First Machinery GroupLtd (SHSE:600967) Leave Little Room For Excitement
Jul 30Does Inner Mongolia First Machinery GroupLtd (SHSE:600967) Have A Healthy Balance Sheet?
Jun 19Inner Mongolia First Machinery Group Co.,Ltd.'s (SHSE:600967) Low P/E No Reason For Excitement
May 27Inner Mongolia First Machinery GroupLtd (SHSE:600967) Has More To Do To Multiply In Value Going Forward
Feb 28Financial Position Analysis
Short Term Liabilities: 600967's short term assets (CN¥12.1B) exceed its short term liabilities (CN¥7.6B).
Long Term Liabilities: 600967's short term assets (CN¥12.1B) exceed its long term liabilities (CN¥601.8M).
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% 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.