Shandong Swan CottonIndustrial Machinery StockLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Swan CottonIndustrial Machinery StockLtd has a total shareholder equity of CN¥867.8M and total debt of CN¥22.3M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are CN¥2.2B and CN¥1.3B respectively. Shandong Swan CottonIndustrial Machinery StockLtd's EBIT is CN¥44.2M making its interest coverage ratio -15.9. It has cash and short-term investments of CN¥163.5M.
Key information
2.6%
Debt to equity ratio
CN¥22.26m
Debt
| Interest coverage ratio | -15.9x |
| Cash | CN¥163.45m |
| Equity | CN¥867.81m |
| Total liabilities | CN¥1.30b |
| Total assets | CN¥2.17b |
Recent financial health updates
No updates
Recent updates
Why Shandong Swan CottonIndustrial Machinery StockLtd's (SHSE:603029) Soft Earnings Are Just The Beginning Of Its Problems
Nov 06
Sentiment Still Eluding Shandong Swan CottonIndustrial Machinery Stock Co.,Ltd. (SHSE:603029)
Oct 01The Strong Earnings Posted By Shandong Swan CottonIndustrial Machinery StockLtd (SHSE:603029) Are A Good Indication Of The Strength Of The Business
Apr 15Financial Position Analysis
Short Term Liabilities: 603029's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 603029's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥149.7M).
Debt to Equity History and Analysis
Debt Level: 603029 has more cash than its total debt.
Reducing Debt: 603029's debt to equity ratio has reduced from 4% to 2.6% over the past 5 years.
Debt Coverage: 603029's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603029 earns more interest than it pays, so coverage of interest payments is not a concern.