SINOMACH HEAVY EQUIPMENT GROUP CO.,LTD

XSSC:601399 Stock Report

Market Cap: CN¥23.4b

SINOMACH HEAVY EQUIPMENT GROUPLTD Balance Sheet Health

Financial Health criteria checks 6/6

SINOMACH HEAVY EQUIPMENT GROUPLTD has a total shareholder equity of CN¥14.9B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 20.1%. Its total assets and total liabilities are CN¥31.8B and CN¥16.9B respectively. SINOMACH HEAVY EQUIPMENT GROUPLTD's EBIT is CN¥485.2M making its interest coverage ratio -3.1. It has cash and short-term investments of CN¥7.7B.

Key information

20.1%

Debt to equity ratio

CN¥3.01b

Debt

Interest coverage ratio-3.1x
CashCN¥7.71b
EquityCN¥14.93b
Total liabilitiesCN¥16.86b
Total assetsCN¥31.79b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 601399's short term assets (CN¥22.5B) exceed its short term liabilities (CN¥13.5B).

Long Term Liabilities: 601399's short term assets (CN¥22.5B) exceed its long term liabilities (CN¥3.4B).


Debt to Equity History and Analysis

Debt Level: 601399 has more cash than its total debt.

Reducing Debt: 601399's debt to equity ratio has reduced from 34.6% to 20.1% over the past 5 years.

Debt Coverage: 601399's debt is well covered by operating cash flow (50.9%).

Interest Coverage: 601399 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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