Shandong Golden Empire Precision Machinery Technology Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Golden Empire Precision Machinery Technology has a total shareholder equity of CN¥2.2B and total debt of CN¥149.0M, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are CN¥2.9B and CN¥729.2M respectively. Shandong Golden Empire Precision Machinery Technology's EBIT is CN¥113.9M making its interest coverage ratio 17.1. It has cash and short-term investments of CN¥911.1M.
Key information
6.9%
Debt to equity ratio
CN¥149.03m
Debt
| Interest coverage ratio | 17.1x |
| Cash | CN¥911.06m |
| Equity | CN¥2.17b |
| Total liabilities | CN¥729.25m |
| Total assets | CN¥2.90b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603270's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥474.7M).
Long Term Liabilities: 603270's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥254.5M).
Debt to Equity History and Analysis
Debt Level: 603270 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 603270's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 603270's debt is well covered by operating cash flow (29.1%).
Interest Coverage: 603270's interest payments on its debt are well covered by EBIT (17.1x coverage).