Shandong Mining Machinery Group Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Mining Machinery Group has a total shareholder equity of CN¥3.1B and total debt of CN¥493.2M, which brings its debt-to-equity ratio to 15.9%. Its total assets and total liabilities are CN¥5.0B and CN¥1.9B respectively. Shandong Mining Machinery Group's EBIT is CN¥180.7M making its interest coverage ratio -7.3. It has cash and short-term investments of CN¥838.4M.
Key information
15.9%
Debt to equity ratio
CN¥493.17m
Debt
| Interest coverage ratio | -7.3x |
| Cash | CN¥838.39m |
| Equity | CN¥3.10b |
| Total liabilities | CN¥1.90b |
| Total assets | CN¥5.00b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002526's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 002526's short term assets (CN¥3.5B) 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 2.9% to 15.9% 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.