Linzhou Heavy Machinery GroupLtd Balance Sheet Health
Financial Health criteria checks 1/6
Linzhou Heavy Machinery GroupLtd has a total shareholder equity of CN¥500.9M and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 288.5%. Its total assets and total liabilities are CN¥4.0B and CN¥3.5B respectively. Linzhou Heavy Machinery GroupLtd's EBIT is CN¥197.3M making its interest coverage ratio 2. It has cash and short-term investments of CN¥228.1M.
Key information
288.5%
Debt to equity ratio
CN¥1.44b
Debt
Interest coverage ratio | 2x |
Cash | CN¥228.10m |
Equity | CN¥500.85m |
Total liabilities | CN¥3.51b |
Total assets | CN¥4.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002535's short term assets (CN¥1.6B) do not cover its short term liabilities (CN¥2.7B).
Long Term Liabilities: 002535's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥812.4M).
Debt to Equity History and Analysis
Debt Level: 002535's net debt to equity ratio (242.9%) is considered high.
Reducing Debt: 002535's debt to equity ratio has increased from 47.4% to 288.5% over the past 5 years.
Debt Coverage: 002535's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: 002535's interest payments on its debt are not well covered by EBIT (2x coverage).