Tederic Machinery Balance Sheet Health
Financial Health criteria checks 4/6
Tederic Machinery has a total shareholder equity of CN¥1.4B and total debt of CN¥912.6M, which brings its debt-to-equity ratio to 65.1%. Its total assets and total liabilities are CN¥2.9B and CN¥1.5B respectively. Tederic Machinery's EBIT is CN¥65.8M making its interest coverage ratio 57. It has cash and short-term investments of CN¥938.4M.
Key information
65.1%
Debt to equity ratio
CN¥912.64m
Debt
| Interest coverage ratio | 57x |
| Cash | CN¥938.43m |
| Equity | CN¥1.40b |
| Total liabilities | CN¥1.53b |
| Total assets | CN¥2.94b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603289's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 603289's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥347.6M).
Debt to Equity History and Analysis
Debt Level: 603289 has more cash than its total debt.
Reducing Debt: 603289's debt to equity ratio has increased from 0% to 65.1% over the past 5 years.
Debt Coverage: 603289's debt is not well covered by operating cash flow (3.7%).
Interest Coverage: 603289's interest payments on its debt are well covered by EBIT (57x coverage).