Yingkou Jinchen Machinery Balance Sheet Health
Financial Health criteria checks 4/6
Yingkou Jinchen Machinery has a total shareholder equity of CN¥2.6B and total debt of CN¥618.1M, which brings its debt-to-equity ratio to 23.8%. Its total assets and total liabilities are CN¥5.7B and CN¥3.1B respectively. Yingkou Jinchen Machinery's EBIT is CN¥139.4M making its interest coverage ratio 46.8. It has cash and short-term investments of CN¥1.1B.
Key information
23.8%
Debt to equity ratio
CN¥618.12m
Debt
| Interest coverage ratio | 46.8x |
| Cash | CN¥1.14b |
| Equity | CN¥2.60b |
| Total liabilities | CN¥3.15b |
| Total assets | CN¥5.74b |
Recent financial health updates
Recent updates
Yingkou Jinchen Machinery's (SHSE:603396) Anemic Earnings Might Be Worse Than You Think
Nov 05
Yingkou Jinchen Machinery Co., Ltd.'s (SHSE:603396) 39% Price Boost Is Out Of Tune With Earnings
Oct 23Is Yingkou Jinchen Machinery (SHSE:603396) A Risky Investment?
Jul 20Yingkou Jinchen Machinery (SHSE:603396) Could Be Struggling To Allocate Capital
Jun 20Yingkou Jinchen Machinery's (SHSE:603396) Promising Earnings May Rest On Soft Foundations
May 06Financial Position Analysis
Short Term Liabilities: 603396's short term assets (CN¥5.0B) exceed its short term liabilities (CN¥3.0B).
Long Term Liabilities: 603396's short term assets (CN¥5.0B) exceed its long term liabilities (CN¥145.7M).
Debt to Equity History and Analysis
Debt Level: 603396 has more cash than its total debt.
Reducing Debt: 603396's debt to equity ratio has increased from 12.8% to 23.8% over the past 5 years.
Debt Coverage: 603396's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603396's interest payments on its debt are well covered by EBIT (46.8x coverage).