Chongqing Zongshen Power MachineryLtd Balance Sheet Health
Financial Health criteria checks 5/6
Chongqing Zongshen Power MachineryLtd has a total shareholder equity of CN¥5.4B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 43.3%. Its total assets and total liabilities are CN¥11.4B and CN¥6.1B respectively. Chongqing Zongshen Power MachineryLtd's EBIT is CN¥566.0M making its interest coverage ratio 9.7. It has cash and short-term investments of CN¥2.0B.
Key information
43.3%
Debt to equity ratio
CN¥2.32b
Debt
| Interest coverage ratio | 9.7x |
| Cash | CN¥1.99b |
| Equity | CN¥5.35b |
| Total liabilities | CN¥6.09b |
| Total assets | CN¥11.44b |
Recent financial health updates
Is Chongqing Zongshen Power MachineryLtd (SZSE:001696) Using Too Much Debt?
Jul 18
Chongqing Zongshen Power MachineryLtd (SZSE:001696) Seems To Use Debt Quite Sensibly
Mar 29Recent updates
Returns On Capital At Chongqing Zongshen Power MachineryLtd (SZSE:001696) Paint A Concerning Picture
Oct 14Chongqing Zongshen Power Machinery Co.,Ltd's (SZSE:001696) 38% Jump Shows Its Popularity With Investors
Aug 01Is Chongqing Zongshen Power MachineryLtd (SZSE:001696) Using Too Much Debt?
Jul 18Capital Allocation Trends At Chongqing Zongshen Power MachineryLtd (SZSE:001696) Aren't Ideal
Jun 26What Is Chongqing Zongshen Power Machinery Co.,Ltd's (SZSE:001696) Share Price Doing?
May 21There's Reason For Concern Over Chongqing Zongshen Power Machinery Co.,Ltd's (SZSE:001696) Massive 42% Price Jump
Apr 21Chongqing Zongshen Power MachineryLtd (SZSE:001696) Seems To Use Debt Quite Sensibly
Mar 29Chongqing Zongshen Power Machinery Co.,Ltd (SZSE:001696) Surges 31% Yet Its Low P/E Is No Reason For Excitement
Mar 07Chongqing Zongshen Power MachineryLtd (SZSE:001696) Could Be Struggling To Allocate Capital
Mar 01Financial Position Analysis
Short Term Liabilities: 001696's short term assets (CN¥5.9B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 001696's short term assets (CN¥5.9B) exceed its long term liabilities (CN¥2.7B).
Debt to Equity History and Analysis
Debt Level: 001696's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: 001696's debt to equity ratio has increased from 37.1% to 43.3% over the past 5 years.
Debt Coverage: 001696's debt is well covered by operating cash flow (28.2%).
Interest Coverage: 001696's interest payments on its debt are well covered by EBIT (9.7x coverage).