Sinomach Precision Industry Group Balance Sheet Health
Financial Health criteria checks 6/6
Sinomach Precision Industry Group has a total shareholder equity of CN¥3.5B and total debt of CN¥798.5M, which brings its debt-to-equity ratio to 22.8%. Its total assets and total liabilities are CN¥5.4B and CN¥1.9B respectively. Sinomach Precision Industry Group's EBIT is CN¥228.2M making its interest coverage ratio 13.4. It has cash and short-term investments of CN¥604.3M.
Key information
22.8%
Debt to equity ratio
CN¥798.54m
Debt
| Interest coverage ratio | 13.4x |
| Cash | CN¥604.25m |
| Equity | CN¥3.50b |
| Total liabilities | CN¥1.91b |
| Total assets | CN¥5.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002046's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 002046's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥584.7M).
Debt to Equity History and Analysis
Debt Level: 002046's net debt to equity ratio (5.5%) is considered satisfactory.
Reducing Debt: 002046's debt to equity ratio has reduced from 31.8% to 22.8% over the past 5 years.
Debt Coverage: 002046's debt is well covered by operating cash flow (37.5%).
Interest Coverage: 002046's interest payments on its debt are well covered by EBIT (13.4x coverage).