Reach Machinery Balance Sheet Health
Financial Health criteria checks 5/6
Reach Machinery has a total shareholder equity of CN¥477.5M and total debt of CN¥80.8M, which brings its debt-to-equity ratio to 16.9%. Its total assets and total liabilities are CN¥737.2M and CN¥259.7M respectively. Reach Machinery's EBIT is CN¥107.8M making its interest coverage ratio 78.3. It has cash and short-term investments of CN¥102.4M.
Key information
16.9%
Debt to equity ratio
CN¥80.75m
Debt
Interest coverage ratio | 78.3x |
Cash | CN¥102.44m |
Equity | CN¥477.50m |
Total liabilities | CN¥259.71m |
Total assets | CN¥737.22m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 301596's short term assets (CN¥511.2M) exceed its short term liabilities (CN¥200.2M).
Long Term Liabilities: 301596's short term assets (CN¥511.2M) exceed its long term liabilities (CN¥59.5M).
Debt to Equity History and Analysis
Debt Level: 301596 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 301596's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 301596's debt is well covered by operating cash flow (116.6%).
Interest Coverage: 301596's interest payments on its debt are well covered by EBIT (78.3x coverage).