The invention discloses deficiency ultrasonic detecting equipment of mechanical equipment based on wavelet theory, the whole equipment is composed of an ultrasonic flaw detector, a high-speed data acquisition system, a minitype computer, a wavelet analysis software, an equivalent quantitative model for detecting signals and an equipment safety performance evaluation system. The ultrasonic flaw detector comprises a synchronous circuit, a transmission circuit, an ultrasonic detecting energy converter, a signal receiving circuit which are connected, the high-speed data acquisition system adopts a high-performance digital storage oscilloscope and comprises a synchronous trigger, a gain position adjustment part, a data acquisition mode and time base part, a waveform recording part and a display part and the other parts, the computer is allocated with a wavelet analysis integration software which is self-developed, the equivalent quantitative model for detecting signals and a safety evaluation theoretical model. The invention breaks through the application limits of the traditional ultrasonic flaw detector, effectively improves the sensibility and measuring accuracy of flaw detection and provides novel equipment and a new method for the ultrasonic detecting problems with complex structure. The equipment has convenient usage and high engineering application value.