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¥661.6M, which brings its debt-to-equity ratio to 25.5%. Its total assets and total liabilities are CN¥6.4B and CN¥3.8B respectively. Yingkou Jinchen Machinery's EBIT is CN¥158.4M making its interest coverage ratio -22.2. It has cash and short-term investments of CN¥1.2B.
Key information
25.5%
Debt to equity ratio
CN¥661.59m
Debt
| Interest coverage ratio | -22.2x |
| Cash | CN¥1.24b |
| Equity | CN¥2.59b |
| Total liabilities | CN¥3.76b |
| Total assets | CN¥6.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603396's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥3.6B).
Long Term Liabilities: 603396's short term assets (CN¥5.6B) exceed its long term liabilities (CN¥157.6M).
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 8.1% to 25.5% over the past 5 years.
Debt Coverage: 603396's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603396 earns more interest than it pays, so coverage of interest payments is not a concern.