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¥21.9B and total debt of CN¥7.4B, which brings its debt-to-equity ratio to 33.9%. Its total assets and total liabilities are CN¥49.2B and CN¥27.3B respectively. Zhengzhou Coal Mining Machinery Group's EBIT is CN¥4.0B making its interest coverage ratio 38.7. It has cash and short-term investments of CN¥12.5B.
Key information
33.9%
Debt to equity ratio
CN¥7.41b
Debt
Interest coverage ratio | 38.7x |
Cash | CN¥12.49b |
Equity | CN¥21.88b |
Total liabilities | CN¥27.29b |
Total assets | CN¥49.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 564's short term assets (CN¥36.5B) exceed its short term liabilities (CN¥18.9B).
Long Term Liabilities: 564's short term assets (CN¥36.5B) exceed its long term liabilities (CN¥8.4B).
Debt to Equity History and Analysis
Debt Level: 564 has more cash than its total debt.
Reducing Debt: 564's debt to equity ratio has increased from 31.7% to 33.9% over the past 5 years.
Debt Coverage: 564's debt is well covered by operating cash flow (41.3%).
Interest Coverage: 564's interest payments on its debt are well covered by EBIT (38.7x coverage).