Xiangtan Yongda Machinery Manufacturing Balance Sheet Health
Financial Health criteria checks 4/6
Xiangtan Yongda Machinery Manufacturing has a total shareholder equity of CN¥1.3B and total debt of CN¥556.5M, which brings its debt-to-equity ratio to 43.8%. Its total assets and total liabilities are CN¥2.2B and CN¥888.9M respectively. Xiangtan Yongda Machinery Manufacturing's EBIT is CN¥88.4M making its interest coverage ratio 21. It has cash and short-term investments of CN¥509.4M.
Key information
43.8%
Debt to equity ratio
CN¥556.45m
Debt
| Interest coverage ratio | 21x |
| Cash | CN¥509.41m |
| Equity | CN¥1.27b |
| Total liabilities | CN¥888.89m |
| Total assets | CN¥2.16b |
Recent financial health updates
Recent updates
Xiangtan Yongda Machinery Manufacturing's (SZSE:001239) Weak Earnings May Only Reveal A Part Of The Whole Picture
Nov 05
Xiangtan Yongda Machinery Manufacturing (SZSE:001239) Takes On Some Risk With Its Use Of Debt
Oct 02Earnings Troubles May Signal Larger Issues for Xiangtan Yongda Machinery Manufacturing (SZSE:001239) Shareholders
May 05Financial Position Analysis
Short Term Liabilities: 001239's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥599.0M).
Long Term Liabilities: 001239's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥289.9M).
Debt to Equity History and Analysis
Debt Level: 001239's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 001239's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 001239's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 001239's interest payments on its debt are well covered by EBIT (21x coverage).