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¥854.3M and total debt of CN¥41.9M, which brings its debt-to-equity ratio to 4.9%. Its total assets and total liabilities are CN¥2.1B and CN¥1.3B respectively. Shandong Swan CottonIndustrial Machinery StockLtd's EBIT is CN¥47.1M making its interest coverage ratio 89.3. It has cash and short-term investments of CN¥303.9M.
Key information
4.9%
Debt to equity ratio
CN¥41.94m
Debt
| Interest coverage ratio | 89.3x |
| Cash | CN¥303.92m |
| Equity | CN¥854.32m |
| Total liabilities | CN¥1.28b |
| Total assets | CN¥2.13b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603029's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 603029's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥150.7M).
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 increased from 2.9% to 4.9% over the past 5 years.
Debt Coverage: 603029's debt is well covered by operating cash flow (327.1%).
Interest Coverage: 603029's interest payments on its debt are well covered by EBIT (89.3x coverage).