Shenzhen Everbest Machinery Industry Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Everbest Machinery Industry has a total shareholder equity of CN¥1.0B 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¥1.3B and CN¥261.0M respectively. Shenzhen Everbest Machinery Industry's EBIT is CN¥103.8M making its interest coverage ratio -43.6. It has cash and short-term investments of CN¥331.1M.
Key information
0.07%
Debt to equity ratio
CN¥751.22k
Debt
| Interest coverage ratio | -43.6x |
| Cash | CN¥331.07m |
| Equity | CN¥1.02b |
| Total liabilities | CN¥260.99m |
| Total assets | CN¥1.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002980's short term assets (CN¥810.7M) exceed its short term liabilities (CN¥251.0M).
Long Term Liabilities: 002980's short term assets (CN¥810.7M) exceed its long term liabilities (CN¥10.0M).
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 (25535.5%).
Interest Coverage: 002980 earns more interest than it pays, so coverage of interest payments is not a concern.