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¥22.6B and total debt of CN¥7.7B, which brings its debt-to-equity ratio to 33.9%. Its total assets and total liabilities are CN¥49.5B and CN¥26.9B respectively. Zhengzhou Coal Mining Machinery Group's EBIT is CN¥4.7B making its interest coverage ratio 92.8. It has cash and short-term investments of CN¥12.6B.
Key information
33.9%
Debt to equity ratio
CN¥7.65b
Debt
| Interest coverage ratio | 92.8x |
| Cash | CN¥12.58b |
| Equity | CN¥22.58b |
| Total liabilities | CN¥26.89b |
| Total assets | CN¥49.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 564's short term assets (CN¥37.1B) exceed its short term liabilities (CN¥20.0B).
Long Term Liabilities: 564's short term assets (CN¥37.1B) exceed its long term liabilities (CN¥6.9B).
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 32.8% to 33.9% over the past 5 years.
Debt Coverage: 564's debt is well covered by operating cash flow (33%).
Interest Coverage: 564's interest payments on its debt are well covered by EBIT (92.8x coverage).