Weima Agricultural MachineryLtd Balance Sheet Health
Financial Health criteria checks 5/6
Weima Agricultural MachineryLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥3.3M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥1.3B and CN¥170.9M respectively. Weima Agricultural MachineryLtd's EBIT is CN¥68.0M making its interest coverage ratio -230.4. It has cash and short-term investments of CN¥927.6M.
Key information
0.3%
Debt to equity ratio
CN¥3.32m
Debt
Interest coverage ratio | -230.4x |
Cash | CN¥927.63m |
Equity | CN¥1.13b |
Total liabilities | CN¥170.91m |
Total assets | CN¥1.30b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301533's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥159.8M).
Long Term Liabilities: 301533's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥11.1M).
Debt to Equity History and Analysis
Debt Level: 301533 has more cash than its total debt.
Reducing Debt: 301533's debt to equity ratio has increased from 0% to 0.3% over the past 5 years.
Debt Coverage: 301533's debt is well covered by operating cash flow (2467.7%).
Interest Coverage: 301533 earns more interest than it pays, so coverage of interest payments is not a concern.