Zhengzhou Coal Mining Machinery Group Balance Sheet Health
Financial Health criteria checks 5/6
Zhengzhou Coal Mining Machinery Group has a total shareholder equity of CN¥23.6B and total debt of CN¥6.3B, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are CN¥49.0B and CN¥25.3B respectively. Zhengzhou Coal Mining Machinery Group's EBIT is CN¥5.0B making its interest coverage ratio -10191.2. It has cash and short-term investments of CN¥11.4B.
Key information
26.6%
Debt to equity ratio
CN¥6.28b
Debt
| Interest coverage ratio | -10191.2x |
| Cash | CN¥11.43b |
| Equity | CN¥23.63b |
| Total liabilities | CN¥25.33b |
| Total assets | CN¥48.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZGC's short term assets (CN¥36.1B) exceed its short term liabilities (CN¥19.5B).
Long Term Liabilities: ZGC's short term assets (CN¥36.1B) exceed its long term liabilities (CN¥5.8B).
Debt to Equity History and Analysis
Debt Level: ZGC has more cash than its total debt.
Reducing Debt: ZGC's debt to equity ratio has increased from 25.3% to 26.6% over the past 5 years.
Debt Coverage: ZGC's debt is well covered by operating cash flow (66.7%).
Interest Coverage: ZGC earns more interest than it pays, so coverage of interest payments is not a concern.