Changqing Machinery Balance Sheet Health
Financial Health criteria checks 3/6
Changqing Machinery has a total shareholder equity of CN¥2.5B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 74.3%. Its total assets and total liabilities are CN¥5.7B and CN¥3.3B respectively. Changqing Machinery's EBIT is CN¥168.3M making its interest coverage ratio 3.2. It has cash and short-term investments of CN¥618.5M.
Key information
74.3%
Debt to equity ratio
CN¥1.83b
Debt
| Interest coverage ratio | 3.2x |
| Cash | CN¥618.51m |
| Equity | CN¥2.46b |
| Total liabilities | CN¥3.26b |
| Total assets | CN¥5.72b |
Recent financial health updates
No updates
Recent updates
Changqing Machinery Company Limited's (SHSE:603768) Shares May Have Run Too Fast Too Soon
Nov 05
Capital Allocation Trends At Changqing Machinery (SHSE:603768) Aren't Ideal
Oct 15There Is A Reason Changqing Machinery Company Limited's (SHSE:603768) Price Is Undemanding
Jun 06Returns At Changqing Machinery (SHSE:603768) Are On The Way Up
Apr 23Why Investors Shouldn't Be Surprised By Changqing Machinery Company Limited's (SHSE:603768) Low P/E
Feb 28Financial Position Analysis
Short Term Liabilities: 603768's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 603768's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥790.9M).
Debt to Equity History and Analysis
Debt Level: 603768's net debt to equity ratio (49.2%) is considered high.
Reducing Debt: 603768's debt to equity ratio has increased from 49.8% to 74.3% over the past 5 years.
Debt Coverage: 603768's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603768's interest payments on its debt are well covered by EBIT (3.2x coverage).