Shandong Mining Machinery Group Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Mining Machinery Group has a total shareholder equity of CN¥3.2B and total debt of CN¥332.6M, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are CN¥4.9B and CN¥1.8B respectively. Shandong Mining Machinery Group's EBIT is CN¥59.6M making its interest coverage ratio -1.9. It has cash and short-term investments of CN¥725.8M.
Key information
10.5%
Debt to equity ratio
CN¥332.62m
Debt
| Interest coverage ratio | -1.9x |
| Cash | CN¥725.85m |
| Equity | CN¥3.16b |
| Total liabilities | CN¥1.75b |
| Total assets | CN¥4.91b |
Recent financial health updates
Recent updates
What Shandong Mining Machinery Group Co., Ltd.'s (SZSE:002526) 35% Share Price Gain Is Not Telling You
Dec 26
Investors Could Be Concerned With Shandong Mining Machinery Group's (SZSE:002526) Returns On Capital
Dec 18What Shandong Mining Machinery Group Co., Ltd.'s (SZSE:002526) 26% Share Price Gain Is Not Telling You
Nov 11Shandong Mining Machinery Group Co., Ltd.'s (SZSE:002526) Popularity With Investors Is Under Threat From Overpricing
Jun 11Impressive Earnings May Not Tell The Whole Story For Shandong Mining Machinery Group (SZSE:002526)
May 01Here's Why Shandong Mining Machinery Group (SZSE:002526) Can Manage Its Debt Responsibly
Mar 19Financial Position Analysis
Short Term Liabilities: 002526's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 002526's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥4.8M).
Debt to Equity History and Analysis
Debt Level: 002526 has more cash than its total debt.
Reducing Debt: 002526's debt to equity ratio has increased from 2.6% to 10.5% over the past 5 years.
Debt Coverage: 002526's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002526 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 16:34 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Shandong Mining Machinery Group Co., Ltd. is covered by 9 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ting Zhang | Citic Securities Co., Ltd. |
| Qiang Guo | First Capital Securities Co. LTD. |
| Jianjian Li | Founder Securities Co., Ltd. |