Sinomach Precision Industry Group Balance Sheet Health
Financial Health criteria checks 6/6
Sinomach Precision Industry Group has a total shareholder equity of CN¥3.5B and total debt of CN¥679.8M, which brings its debt-to-equity ratio to 19.4%. Its total assets and total liabilities are CN¥5.3B and CN¥1.8B respectively. Sinomach Precision Industry Group's EBIT is CN¥287.5M making its interest coverage ratio 13.2. It has cash and short-term investments of CN¥606.1M.
Key information
19.4%
Debt to equity ratio
CN¥679.84m
Debt
| Interest coverage ratio | 13.2x |
| Cash | CN¥606.09m |
| Equity | CN¥3.50b |
| Total liabilities | CN¥1.76b |
| Total assets | CN¥5.26b |
Recent financial health updates
No updates
Recent updates
Sinomach Precision Industry Group's (SZSE:002046) Solid Earnings May Rest On Weak Foundations
Apr 20
There's Been No Shortage Of Growth Recently For Sinomach Precision Industry Group's (SZSE:002046) Returns On Capital
Mar 27Further Upside For Sinomach Precision Industry Group Co., Ltd. (SZSE:002046) Shares Could Introduce Price Risks After 30% Bounce
Mar 06Financial Position Analysis
Short Term Liabilities: 002046's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 002046's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥576.2M).
Debt to Equity History and Analysis
Debt Level: 002046's net debt to equity ratio (2.1%) is considered satisfactory.
Reducing Debt: 002046's debt to equity ratio has reduced from 32.9% to 19.4% over the past 5 years.
Debt Coverage: 002046's debt is well covered by operating cash flow (46.9%).
Interest Coverage: 002046's interest payments on its debt are well covered by EBIT (13.2x coverage).