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) 26% Share Price Gain Is Not Telling You
Nov 11
Shandong 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.