Inner Mongolia First Machinery GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Inner Mongolia First Machinery GroupLtd has a total shareholder equity of CN¥11.5B and total debt of CN¥40.1M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥23.7B and CN¥12.3B respectively. Inner Mongolia First Machinery GroupLtd's EBIT is CN¥632.9M making its interest coverage ratio -2.8. It has cash and short-term investments of CN¥5.0B.
Key information
0.3%
Debt to equity ratio
CN¥40.12m
Debt
Interest coverage ratio | -2.8x |
Cash | CN¥5.03b |
Equity | CN¥11.47b |
Total liabilities | CN¥12.27b |
Total assets | CN¥23.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600967's short term assets (CN¥14.8B) exceed its short term liabilities (CN¥11.5B).
Long Term Liabilities: 600967's short term assets (CN¥14.8B) exceed its long term liabilities (CN¥762.4M).
Debt to Equity History and Analysis
Debt Level: 600967 has more cash than its total debt.
Reducing Debt: 600967's debt to equity ratio has reduced from 1.1% to 0.3% over the past 5 years.
Debt Coverage: 600967's debt is well covered by operating cash flow (2348.8%).
Interest Coverage: 600967 earns more interest than it pays, so coverage of interest payments is not a concern.