Shandong Golden Empire Precision Machinery Technology Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Golden Empire Precision Machinery Technology has a total shareholder equity of CN¥2.2B and total debt of CN¥228.2M, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are CN¥3.1B and CN¥971.1M respectively. Shandong Golden Empire Precision Machinery Technology's EBIT is CN¥49.5M making its interest coverage ratio -16.3. It has cash and short-term investments of CN¥661.9M.
Key information
10.5%
Debt to equity ratio
CN¥228.17m
Debt
| Interest coverage ratio | -16.3x |
| Cash | CN¥661.89m |
| Equity | CN¥2.16b |
| Total liabilities | CN¥971.06m |
| Total assets | CN¥3.13b |
Recent financial health updates
No updates
Recent updates
Shandong Golden Empire Precision Machinery Technology (SHSE:603270) Is Reinvesting At Lower Rates Of Return
Nov 21
Shandong Golden Empire Precision Machinery Technology (SHSE:603270) Strong Profits May Be Masking Some Underlying Issues
May 06Investor Optimism Abounds Shandong Golden Empire Precision Machinery Technology Co., Ltd. (SHSE:603270) But Growth Is Lacking
Apr 30Financial Position Analysis
Short Term Liabilities: 603270's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥678.2M).
Long Term Liabilities: 603270's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥292.8M).
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 operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603270 earns more interest than it pays, so coverage of interest payments is not a concern.