Xiangtan Yongda Machinery Manufacturing Balance Sheet Health
Financial Health criteria checks 4/6
Xiangtan Yongda Machinery Manufacturing has a total shareholder equity of CN¥1.2B and total debt of CN¥549.5M, which brings its debt-to-equity ratio to 44.3%. Its total assets and total liabilities are CN¥2.1B and CN¥858.6M respectively. Xiangtan Yongda Machinery Manufacturing's EBIT is CN¥129.1M making its interest coverage ratio 8.5. It has cash and short-term investments of CN¥496.7M.
Key information
44.3%
Debt to equity ratio
CN¥549.48m
Debt
| Interest coverage ratio | 8.5x |
| Cash | CN¥496.65m |
| Equity | CN¥1.24b |
| Total liabilities | CN¥858.59m |
| Total assets | CN¥2.10b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 001239's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥360.3M).
Long Term Liabilities: 001239's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥498.3M).
Debt to Equity History and Analysis
Debt Level: 001239's net debt to equity ratio (4.3%) 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 (8.5x coverage).