Tederic Machinery Balance Sheet Health
Financial Health criteria checks 5/6
Tederic Machinery has a total shareholder equity of CN¥1.4B and total debt of CN¥360.0M, which brings its debt-to-equity ratio to 25.4%. Its total assets and total liabilities are CN¥2.4B and CN¥969.6M respectively. Tederic Machinery's EBIT is CN¥113.9M making its interest coverage ratio 14337. It has cash and short-term investments of CN¥301.2M.
Key information
25.4%
Debt to equity ratio
CN¥360.00m
Debt
Interest coverage ratio | 14337x |
Cash | CN¥301.15m |
Equity | CN¥1.42b |
Total liabilities | CN¥969.60m |
Total assets | CN¥2.39b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603289's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥951.7M).
Long Term Liabilities: 603289's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥17.9M).
Debt to Equity History and Analysis
Debt Level: 603289's net debt to equity ratio (4.1%) is considered satisfactory.
Reducing Debt: 603289's debt to equity ratio has increased from 0% to 25.4% over the past 5 years.
Debt Coverage: 603289's debt is well covered by operating cash flow (21.8%).
Interest Coverage: 603289's interest payments on its debt are well covered by EBIT (14337x coverage).