Reach Machinery Balance Sheet Health
Financial Health criteria checks 5/6
Reach Machinery has a total shareholder equity of CN¥828.2M and total debt of CN¥66.6M, which brings its debt-to-equity ratio to 8%. Its total assets and total liabilities are CN¥1.1B and CN¥284.8M respectively. Reach Machinery's EBIT is CN¥105.2M making its interest coverage ratio 533.4. It has cash and short-term investments of CN¥458.1M.
Key information
8.0%
Debt to equity ratio
CN¥66.63m
Debt
| Interest coverage ratio | 533.4x |
| Cash | CN¥458.05m |
| Equity | CN¥828.16m |
| Total liabilities | CN¥284.83m |
| Total assets | CN¥1.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301596's short term assets (CN¥872.2M) exceed its short term liabilities (CN¥223.2M).
Long Term Liabilities: 301596's short term assets (CN¥872.2M) exceed its long term liabilities (CN¥61.6M).
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 (136.9%).
Interest Coverage: 301596's interest payments on its debt are well covered by EBIT (533.4x coverage).