Suzhou Cheersson Precision Metal Forming Balance Sheet Health
Financial Health criteria checks 4/6
Suzhou Cheersson Precision Metal Forming has a total shareholder equity of CN¥937.2M and total debt of CN¥350.4M, which brings its debt-to-equity ratio to 37.4%. Its total assets and total liabilities are CN¥2.0B and CN¥1.1B respectively. Suzhou Cheersson Precision Metal Forming's EBIT is CN¥33.0M making its interest coverage ratio 3.3. It has cash and short-term investments of CN¥155.1M.
Key information
37.4%
Debt to equity ratio
CN¥350.39m
Debt
Interest coverage ratio | 3.3x |
Cash | CN¥155.06m |
Equity | CN¥937.21m |
Total liabilities | CN¥1.10b |
Total assets | CN¥2.04b |
Financial Position Analysis
Short Term Liabilities: 002976's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥804.0M).
Long Term Liabilities: 002976's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥300.4M).
Debt to Equity History and Analysis
Debt Level: 002976's net debt to equity ratio (20.8%) is considered satisfactory.
Reducing Debt: 002976's debt to equity ratio has increased from 0% to 37.4% over the past 5 years.
Debt Coverage: 002976's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: 002976's interest payments on its debt are well covered by EBIT (3.3x coverage).