Zhengzhou Coal Mining Machinery Group Balance Sheet Health
Financial Health criteria checks 6/6
Zhengzhou Coal Mining Machinery Group has a total shareholder equity of CN¥23.0B and total debt of CN¥7.2B, which brings its debt-to-equity ratio to 31.2%. Its total assets and total liabilities are CN¥49.4B and CN¥26.3B respectively. Zhengzhou Coal Mining Machinery Group's EBIT is CN¥4.4B making its interest coverage ratio 48.5. It has cash and short-term investments of CN¥12.8B.
Key information
31.2%
Debt to equity ratio
CN¥7.19b
Debt
Interest coverage ratio | 48.5x |
Cash | CN¥12.83b |
Equity | CN¥23.03b |
Total liabilities | CN¥26.32b |
Total assets | CN¥49.35b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601717's short term assets (CN¥37.4B) exceed its short term liabilities (CN¥18.1B).
Long Term Liabilities: 601717's short term assets (CN¥37.4B) exceed its long term liabilities (CN¥8.2B).
Debt to Equity History and Analysis
Debt Level: 601717 has more cash than its total debt.
Reducing Debt: 601717's debt to equity ratio has reduced from 33.8% to 31.2% over the past 5 years.
Debt Coverage: 601717's debt is well covered by operating cash flow (52.2%).
Interest Coverage: 601717's interest payments on its debt are well covered by EBIT (48.5x coverage).