SINOMACH HEAVY EQUIPMENT GROUPLTD Balance Sheet Health
Financial Health criteria checks 6/6
SINOMACH HEAVY EQUIPMENT GROUPLTD has a total shareholder equity of CN¥14.9B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 20.1%. Its total assets and total liabilities are CN¥31.8B and CN¥16.9B respectively. SINOMACH HEAVY EQUIPMENT GROUPLTD's EBIT is CN¥485.2M making its interest coverage ratio -3.1. It has cash and short-term investments of CN¥7.7B.
Key information
20.1%
Debt to equity ratio
CN¥3.01b
Debt
| Interest coverage ratio | -3.1x |
| Cash | CN¥7.71b |
| Equity | CN¥14.93b |
| Total liabilities | CN¥16.86b |
| Total assets | CN¥31.79b |
Recent financial health updates
Is SINOMACH HEAVY EQUIPMENT GROUPLTD (SHSE:601399) A Risky Investment?
Sep 28
SINOMACH HEAVY EQUIPMENT GROUPLTD (SHSE:601399) Could Easily Take On More Debt
May 23Recent updates
SINOMACH HEAVY EQUIPMENT GROUPLTD (SHSE:601399) Will Be Hoping To Turn Its Returns On Capital Around
Oct 24Is SINOMACH HEAVY EQUIPMENT GROUPLTD (SHSE:601399) A Risky Investment?
Sep 28We Think That There Are Issues Underlying SINOMACH HEAVY EQUIPMENT GROUPLTD's (SHSE:601399) Earnings
Aug 27Earnings Not Telling The Story For SINOMACH HEAVY EQUIPMENT GROUP CO.,LTD (SHSE:601399)
Aug 21SINOMACH HEAVY EQUIPMENT GROUPLTD (SHSE:601399) Could Easily Take On More Debt
May 23SINOMACH HEAVY EQUIPMENT GROUP CO.,LTD's (SHSE:601399) Business Is Trailing The Market But Its Shares Aren't
Apr 16Capital Allocation Trends At SINOMACH HEAVY EQUIPMENT GROUPLTD (SHSE:601399) Aren't Ideal
Mar 20Financial Position Analysis
Short Term Liabilities: 601399's short term assets (CN¥22.5B) exceed its short term liabilities (CN¥13.5B).
Long Term Liabilities: 601399's short term assets (CN¥22.5B) exceed its long term liabilities (CN¥3.4B).
Debt to Equity History and Analysis
Debt Level: 601399 has more cash than its total debt.
Reducing Debt: 601399's debt to equity ratio has reduced from 34.6% to 20.1% over the past 5 years.
Debt Coverage: 601399's debt is well covered by operating cash flow (50.9%).
Interest Coverage: 601399 earns more interest than it pays, so coverage of interest payments is not a concern.