Shenzhen Everbest Machinery Industry Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Everbest Machinery Industry has a total shareholder equity of CN¥1.1B and total debt of CN¥751.2K, which brings its debt-to-equity ratio to 0.07%. Its total assets and total liabilities are CN¥1.4B and CN¥312.9M respectively. Shenzhen Everbest Machinery Industry's EBIT is CN¥127.1M making its interest coverage ratio -40.5. It has cash and short-term investments of CN¥335.4M.
Key information
0.07%
Debt to equity ratio
CN¥751.22k
Debt
| Interest coverage ratio | -40.5x |
| Cash | CN¥335.36m |
| Equity | CN¥1.05b |
| Total liabilities | CN¥312.88m |
| Total assets | CN¥1.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002980's short term assets (CN¥860.5M) exceed its short term liabilities (CN¥296.8M).
Long Term Liabilities: 002980's short term assets (CN¥860.5M) exceed its long term liabilities (CN¥16.1M).
Debt to Equity History and Analysis
Debt Level: 002980 has more cash than its total debt.
Reducing Debt: 002980's debt to equity ratio has increased from 0% to 0.07% over the past 5 years.
Debt Coverage: 002980's debt is well covered by operating cash flow (28880.1%).
Interest Coverage: 002980 earns more interest than it pays, so coverage of interest payments is not a concern.