Sinoma International EngineeringLtd Balance Sheet Health
Financial Health criteria checks 6/6
Sinoma International EngineeringLtd has a total shareholder equity of CN¥21.2B and total debt of CN¥6.7B, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are CN¥56.7B and CN¥35.5B respectively. Sinoma International EngineeringLtd's EBIT is CN¥4.3B making its interest coverage ratio -128. It has cash and short-term investments of CN¥8.4B.
Key information
31.6%
Debt to equity ratio
CN¥6.71b
Debt
Interest coverage ratio | -128x |
Cash | CN¥8.37b |
Equity | CN¥21.22b |
Total liabilities | CN¥35.47b |
Total assets | CN¥56.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600970's short term assets (CN¥40.6B) exceed its short term liabilities (CN¥31.5B).
Long Term Liabilities: 600970's short term assets (CN¥40.6B) exceed its long term liabilities (CN¥3.9B).
Debt to Equity History and Analysis
Debt Level: 600970 has more cash than its total debt.
Reducing Debt: 600970's debt to equity ratio has reduced from 47.4% to 31.6% over the past 5 years.
Debt Coverage: 600970's debt is well covered by operating cash flow (64.6%).
Interest Coverage: 600970 earns more interest than it pays, so coverage of interest payments is not a concern.