Yantai Eddie Precision Machinery Balance Sheet Health
Financial Health criteria checks 4/6
Yantai Eddie Precision Machinery has a total shareholder equity of CN¥3.4B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 47.4%. Its total assets and total liabilities are CN¥6.2B and CN¥2.8B respectively. Yantai Eddie Precision Machinery's EBIT is CN¥363.9M making its interest coverage ratio 8.3. It has cash and short-term investments of CN¥961.2M.
Key information
47.4%
Debt to equity ratio
CN¥1.59b
Debt
| Interest coverage ratio | 8.3x |
| Cash | CN¥961.21m |
| Equity | CN¥3.36b |
| Total liabilities | CN¥2.80b |
| Total assets | CN¥6.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603638's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 603638's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 603638's net debt to equity ratio (18.8%) is considered satisfactory.
Reducing Debt: 603638's debt to equity ratio has increased from 28.2% to 47.4% over the past 5 years.
Debt Coverage: 603638's debt is not well covered by operating cash flow (8.4%).
Interest Coverage: 603638's interest payments on its debt are well covered by EBIT (8.3x coverage).