Sumec Balance Sheet Health
Financial Health criteria checks 6/6
Sumec has a total shareholder equity of CN¥14.2B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 21.2%. Its total assets and total liabilities are CN¥57.1B and CN¥42.9B respectively. Sumec's EBIT is CN¥4.0B making its interest coverage ratio -52.8. It has cash and short-term investments of CN¥13.5B.
Key information
21.2%
Debt to equity ratio
CN¥3.01b
Debt
| Interest coverage ratio | -52.8x |
| Cash | CN¥13.53b |
| Equity | CN¥14.16b |
| Total liabilities | CN¥42.92b |
| Total assets | CN¥57.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600710's short term assets (CN¥47.8B) exceed its short term liabilities (CN¥39.8B).
Long Term Liabilities: 600710's short term assets (CN¥47.8B) exceed its long term liabilities (CN¥3.1B).
Debt to Equity History and Analysis
Debt Level: 600710 has more cash than its total debt.
Reducing Debt: 600710's debt to equity ratio has reduced from 132.7% to 21.2% over the past 5 years.
Debt Coverage: 600710's debt is well covered by operating cash flow (213.3%).
Interest Coverage: 600710 earns more interest than it pays, so coverage of interest payments is not a concern.