Gemac Engineering Machinery Balance Sheet Health
Financial Health criteria checks 6/6
Gemac Engineering Machinery has a total shareholder equity of CN¥2.6B and total debt of CN¥250.2M, which brings its debt-to-equity ratio to 9.7%. Its total assets and total liabilities are CN¥5.3B and CN¥2.7B respectively. Gemac Engineering Machinery's EBIT is CN¥292.8M making its interest coverage ratio 78.1. It has cash and short-term investments of CN¥830.8M.
Key information
9.7%
Debt to equity ratio
CN¥250.17m
Debt
| Interest coverage ratio | 78.1x |
| Cash | CN¥830.77m |
| Equity | CN¥2.57b |
| Total liabilities | CN¥2.70b |
| Total assets | CN¥5.27b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 301048's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 301048's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥158.5M).
Debt to Equity History and Analysis
Debt Level: 301048 has more cash than its total debt.
Reducing Debt: 301048's debt to equity ratio has reduced from 33.3% to 9.7% over the past 5 years.
Debt Coverage: 301048's debt is well covered by operating cash flow (124.7%).
Interest Coverage: 301048's interest payments on its debt are well covered by EBIT (78.1x coverage).