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¥815.0M, which brings its debt-to-equity ratio to 23.1%. Its total assets and total liabilities are CN¥5.6B and CN¥2.1B respectively. Sinomach Precision Industry Group's EBIT is CN¥197.5M making its interest coverage ratio 14.7. It has cash and short-term investments of CN¥551.5M.
Key information
23.1%
Debt to equity ratio
CN¥815.01m
Debt
| Interest coverage ratio | 14.7x |
| Cash | CN¥551.48m |
| Equity | CN¥3.53b |
| Total liabilities | CN¥2.08b |
| Total assets | CN¥5.61b |
Recent financial health updates
No updates
Recent updates
We Think That There Are More Issues For Sinomach Precision Industry Group (SZSE:002046) Than Just Sluggish Earnings
Nov 06
The Return Trends At Sinomach Precision Industry Group (SZSE:002046) Look Promising
Aug 22Sinomach Precision Industry Group (SZSE:002046) Is Paying Out A Larger Dividend Than Last Year
Jun 07Sinomach Precision Industry Group's (SZSE:002046) Solid Earnings May Rest On Weak Foundations
Apr 20There'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¥2.9B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002046's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥661.1M).
Debt to Equity History and Analysis
Debt Level: 002046's net debt to equity ratio (7.5%) is considered satisfactory.
Reducing Debt: 002046's debt to equity ratio has reduced from 26.2% to 23.1% over the past 5 years.
Debt Coverage: 002046's debt is well covered by operating cash flow (33.9%).
Interest Coverage: 002046's interest payments on its debt are well covered by EBIT (14.7x coverage).