Xiamen East Asia Machinery Industrial Balance Sheet Health
Financial Health criteria checks 5/6
Xiamen East Asia Machinery Industrial has a total shareholder equity of CN¥1.4B and total debt of CN¥38.7M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are CN¥2.0B and CN¥611.6M respectively. Xiamen East Asia Machinery Industrial's EBIT is CN¥170.8M making its interest coverage ratio -7.2. It has cash and short-term investments of CN¥505.2M.
Key information
2.8%
Debt to equity ratio
CN¥38.70m
Debt
Interest coverage ratio | -7.2x |
Cash | CN¥505.19m |
Equity | CN¥1.36b |
Total liabilities | CN¥611.60m |
Total assets | CN¥1.97b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301028's short term assets (CN¥932.3M) exceed its short term liabilities (CN¥552.0M).
Long Term Liabilities: 301028's short term assets (CN¥932.3M) exceed its long term liabilities (CN¥59.6M).
Debt to Equity History and Analysis
Debt Level: 301028 has more cash than its total debt.
Reducing Debt: 301028's debt to equity ratio has increased from 2.2% to 2.8% over the past 5 years.
Debt Coverage: 301028's debt is well covered by operating cash flow (650.2%).
Interest Coverage: 301028 earns more interest than it pays, so coverage of interest payments is not a concern.