AVIC Heavy Machinery Balance Sheet Health
Financial Health criteria checks 5/6
AVIC Heavy Machinery has a total shareholder equity of CN¥12.3B and total debt of CN¥3.3B, which brings its debt-to-equity ratio to 27%. Its total assets and total liabilities are CN¥25.4B and CN¥13.2B respectively. AVIC Heavy Machinery's EBIT is CN¥1.6B making its interest coverage ratio 2781.3. It has cash and short-term investments of CN¥5.2B.
Key information
27.0%
Debt to equity ratio
CN¥3.31b
Debt
Interest coverage ratio | 2781.3x |
Cash | CN¥5.19b |
Equity | CN¥12.26b |
Total liabilities | CN¥13.17b |
Total assets | CN¥25.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600765's short term assets (CN¥17.8B) exceed its short term liabilities (CN¥10.6B).
Long Term Liabilities: 600765's short term assets (CN¥17.8B) exceed its long term liabilities (CN¥2.6B).
Debt to Equity History and Analysis
Debt Level: 600765 has more cash than its total debt.
Reducing Debt: 600765's debt to equity ratio has reduced from 70.2% to 27% over the past 5 years.
Debt Coverage: 600765's debt is not well covered by operating cash flow (17.9%).
Interest Coverage: 600765's interest payments on its debt are well covered by EBIT (2781.3x coverage).