Sichuan Zigong Conveying Machine Group Balance Sheet Health
Financial Health criteria checks 4/6
Sichuan Zigong Conveying Machine Group has a total shareholder equity of CN¥2.0B and total debt of CN¥623.8M, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are CN¥3.5B and CN¥1.5B respectively. Sichuan Zigong Conveying Machine Group's EBIT is CN¥136.6M making its interest coverage ratio 15.8. It has cash and short-term investments of CN¥1.3B.
Key information
30.5%
Debt to equity ratio
CN¥623.84m
Debt
| Interest coverage ratio | 15.8x |
| Cash | CN¥1.30b |
| Equity | CN¥2.05b |
| Total liabilities | CN¥1.49b |
| Total assets | CN¥3.54b |
Recent financial health updates
No updates
Recent updates
Solid Earnings May Not Tell The Whole Story For Sichuan Zigong Conveying Machine Group (SZSE:001288)
Apr 25
Sichuan Zigong Conveying Machine Group Co., Ltd.'s (SZSE:001288) Shares Climb 29% But Its Business Is Yet to Catch Up
Apr 02There Are Reasons To Feel Uneasy About Sichuan Zigong Conveying Machine Group's (SZSE:001288) Returns On Capital
Mar 06Financial Position Analysis
Short Term Liabilities: 001288's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥828.1M).
Long Term Liabilities: 001288's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥658.5M).
Debt to Equity History and Analysis
Debt Level: 001288 has more cash than its total debt.
Reducing Debt: 001288's debt to equity ratio has increased from 4.9% to 30.5% over the past 5 years.
Debt Coverage: 001288's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 001288's interest payments on its debt are well covered by EBIT (15.8x coverage).