Shandong Hongyu Precision Machinery Balance Sheet Health
Financial Health criteria checks 6/6
Shandong Hongyu Precision Machinery has a total shareholder equity of CN¥584.0M and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥739.5M and CN¥155.5M respectively. Shandong Hongyu Precision Machinery's EBIT is CN¥18.2M making its interest coverage ratio -20.9. It has cash and short-term investments of CN¥243.6M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -20.9x |
Cash | CN¥243.61m |
Equity | CN¥584.04m |
Total liabilities | CN¥155.51m |
Total assets | CN¥739.55m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002890's short term assets (CN¥539.5M) exceed its short term liabilities (CN¥144.9M).
Long Term Liabilities: 002890's short term assets (CN¥539.5M) exceed its long term liabilities (CN¥10.7M).
Debt to Equity History and Analysis
Debt Level: 002890 is debt free.
Reducing Debt: 002890 has no debt compared to 5 years ago when its debt to equity ratio was 2.8%.
Debt Coverage: 002890 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 002890 has no debt, therefore coverage of interest payments is not a concern.