Zhe Jiang Headman MachineryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhe Jiang Headman MachineryLtd has a total shareholder equity of CN¥862.8M and total debt of CN¥146.8M, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are CN¥1.5B and CN¥619.0M respectively. Zhe Jiang Headman MachineryLtd's EBIT is CN¥20.8M making its interest coverage ratio 8.9. It has cash and short-term investments of CN¥30.6M.
Key information
17.0%
Debt to equity ratio
CN¥146.78m
Debt
| Interest coverage ratio | 8.9x |
| Cash | CN¥30.57m |
| Equity | CN¥862.82m |
| Total liabilities | CN¥618.98m |
| Total assets | CN¥1.48b |
Recent financial health updates
No updates
Recent updates
Zhe Jiang Headman Machinery Co.,Ltd.'s (SHSE:688577) 29% Share Price Surge Not Quite Adding Up
Oct 01
Investors Could Be Concerned With Zhe Jiang Headman MachineryLtd's (SHSE:688577) Returns On Capital
Aug 01Some Confidence Is Lacking In Zhe Jiang Headman Machinery Co.,Ltd. (SHSE:688577) As Shares Slide 26%
Jul 05We Think You Can Look Beyond Zhe Jiang Headman MachineryLtd's (SHSE:688577) Lackluster Earnings
May 09Zhe Jiang Headman MachineryLtd (SHSE:688577) Will Be Hoping To Turn Its Returns On Capital Around
Apr 15Zhe Jiang Headman Machinery Co.,Ltd.'s (SHSE:688577) 31% Price Boost Is Out Of Tune With Revenues
Mar 04Financial Position Analysis
Short Term Liabilities: 688577's short term assets (CN¥735.2M) exceed its short term liabilities (CN¥517.8M).
Long Term Liabilities: 688577's short term assets (CN¥735.2M) exceed its long term liabilities (CN¥101.2M).
Debt to Equity History and Analysis
Debt Level: 688577's net debt to equity ratio (13.5%) is considered satisfactory.
Reducing Debt: 688577's debt to equity ratio has reduced from 18.9% to 17% over the past 5 years.
Debt Coverage: 688577's debt is well covered by operating cash flow (74.9%).
Interest Coverage: 688577's interest payments on its debt are well covered by EBIT (8.9x coverage).