Dajin Heavy IndustryLtd Balance Sheet Health
Financial Health criteria checks 5/6
Dajin Heavy IndustryLtd has a total shareholder equity of CN¥7.0B and total debt of CN¥74.4M, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are CN¥10.0B and CN¥3.1B respectively. Dajin Heavy IndustryLtd's EBIT is CN¥484.6M making its interest coverage ratio -14.5. It has cash and short-term investments of CN¥2.3B.
Key information
1.1%
Debt to equity ratio
CN¥74.44m
Debt
| Interest coverage ratio | -14.5x |
| Cash | CN¥2.32b |
| Equity | CN¥6.97b |
| Total liabilities | CN¥3.06b |
| Total assets | CN¥10.02b |
Recent financial health updates
Recent updates
Some May Be Optimistic About Dajin Heavy IndustryLtd's (SZSE:002487) Earnings
May 05
Dajin Heavy Industry Co.,Ltd. (SZSE:002487) Analysts Just Cut Their EPS Forecasts Substantially
May 01These 4 Measures Indicate That Dajin Heavy IndustryLtd (SZSE:002487) Is Using Debt Reasonably Well
Mar 25A Piece Of The Puzzle Missing From Dajin Heavy Industry Co.,Ltd.'s (SZSE:002487) 37% Share Price Climb
Mar 06Dajin Heavy IndustryLtd's (SZSE:002487) Returns On Capital Are Heading Higher
Feb 27Financial Position Analysis
Short Term Liabilities: 002487's short term assets (CN¥7.0B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 002487's short term assets (CN¥7.0B) exceed its long term liabilities (CN¥378.1M).
Debt to Equity History and Analysis
Debt Level: 002487 has more cash than its total debt.
Reducing Debt: 002487's debt to equity ratio has increased from 0% to 1.1% over the past 5 years.
Debt Coverage: 002487's debt is well covered by operating cash flow (2125.2%).
Interest Coverage: 002487 earns more interest than it pays, so coverage of interest payments is not a concern.