China Machinery Huanyu Certification and Inspection Balance Sheet Health
Financial Health criteria checks 5/6
China Machinery Huanyu Certification and Inspection has a total shareholder equity of CN¥2.0B and total debt of CN¥7.3M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥2.7B and CN¥739.7M respectively. China Machinery Huanyu Certification and Inspection's EBIT is CN¥129.2M making its interest coverage ratio -13.6. It has cash and short-term investments of CN¥789.7M.
Key information
0.4%
Debt to equity ratio
CN¥7.26m
Debt
| Interest coverage ratio | -13.6x |
| Cash | CN¥789.73m |
| Equity | CN¥1.96b |
| Total liabilities | CN¥739.72m |
| Total assets | CN¥2.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301508's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥666.8M).
Long Term Liabilities: 301508's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥72.9M).
Debt to Equity History and Analysis
Debt Level: 301508 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 301508's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 301508's debt is well covered by operating cash flow (1574.6%).
Interest Coverage: 301508 earns more interest than it pays, so coverage of interest payments is not a concern.