SINOMACH HEAVY EQUIPMENT GROUPLTD Balance Sheet Health
Financial Health criteria checks 5/6
SINOMACH HEAVY EQUIPMENT GROUPLTD has a total shareholder equity of CN¥14.7B and total debt of CN¥3.2B, which brings its debt-to-equity ratio to 22%. Its total assets and total liabilities are CN¥30.7B and CN¥16.0B respectively. SINOMACH HEAVY EQUIPMENT GROUPLTD's EBIT is CN¥317.3M making its interest coverage ratio -2.2. It has cash and short-term investments of CN¥7.5B.
Key information
22.0%
Debt to equity ratio
CN¥3.22b
Debt
| Interest coverage ratio | -2.2x |
| Cash | CN¥7.53b |
| Equity | CN¥14.65b |
| Total liabilities | CN¥16.04b |
| Total assets | CN¥30.70b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601399's short term assets (CN¥21.8B) exceed its short term liabilities (CN¥12.7B).
Long Term Liabilities: 601399's short term assets (CN¥21.8B) 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 36% to 22% over the past 5 years.
Debt Coverage: 601399's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: 601399 earns more interest than it pays, so coverage of interest payments is not a concern.