Changqing Machinery Balance Sheet Health
Financial Health criteria checks 2/6
Changqing Machinery has a total shareholder equity of CN¥2.0B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 91.2%. Its total assets and total liabilities are CN¥5.2B and CN¥3.2B respectively. Changqing Machinery's EBIT is CN¥153.8M making its interest coverage ratio 4.7. It has cash and short-term investments of CN¥522.1M.
Key information
91.2%
Debt to equity ratio
CN¥1.85b
Debt
Interest coverage ratio | 4.7x |
Cash | CN¥522.13m |
Equity | CN¥2.03b |
Total liabilities | CN¥3.19b |
Total assets | CN¥5.22b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603768's short term assets (CN¥2.2B) do not cover its short term liabilities (CN¥2.5B).
Long Term Liabilities: 603768's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥716.7M).
Debt to Equity History and Analysis
Debt Level: 603768's net debt to equity ratio (65.5%) is considered high.
Reducing Debt: 603768's debt to equity ratio has increased from 41.3% to 91.2% over the past 5 years.
Debt Coverage: 603768's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: 603768's interest payments on its debt are well covered by EBIT (4.7x coverage).