Yantai Eddie Precision Machinery Balance Sheet Health
Financial Health criteria checks 4/6
Yantai Eddie Precision Machinery has a total shareholder equity of CN¥3.3B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 43.8%. Its total assets and total liabilities are CN¥5.9B and CN¥2.6B respectively. Yantai Eddie Precision Machinery's EBIT is CN¥397.5M making its interest coverage ratio -161.4. It has cash and short-term investments of CN¥924.0M.
Key information
43.8%
Debt to equity ratio
CN¥1.46b
Debt
| Interest coverage ratio | -161.4x |
| Cash | CN¥923.99m |
| Equity | CN¥3.33b |
| Total liabilities | CN¥2.56b |
| Total assets | CN¥5.89b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603638's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 603638's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 603638's net debt to equity ratio (16.1%) is considered satisfactory.
Reducing Debt: 603638's debt to equity ratio has increased from 27.8% to 43.8% over the past 5 years.
Debt Coverage: 603638's debt is not well covered by operating cash flow (0.8%).
Interest Coverage: 603638 earns more interest than it pays, so coverage of interest payments is not a concern.