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¥2.2B, which brings its debt-to-equity ratio to 41.2%. Its total assets and total liabilities are CN¥11.1B and CN¥5.7B respectively. Chongqing Zongshen Power MachineryLtd's EBIT is CN¥476.4M making its interest coverage ratio 6.8. It has cash and short-term investments of CN¥2.4B.
Key information
41.2%
Debt to equity ratio
CN¥2.21b
Debt
Interest coverage ratio | 6.8x |
Cash | CN¥2.41b |
Equity | CN¥5.37b |
Total liabilities | CN¥5.69b |
Total assets | CN¥11.05b |
Recent financial health updates
Is Chongqing Zongshen Power MachineryLtd (SZSE:001696) Using Too Much Debt?
Jul 18Chongqing Zongshen Power MachineryLtd (SZSE:001696) Seems To Use Debt Quite Sensibly
Mar 29Recent updates
Is 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¥6.2B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 001696's short term assets (CN¥6.2B) exceed its long term liabilities (CN¥3.0B).
Debt to Equity History and Analysis
Debt Level: 001696 has more cash than its total debt.
Reducing Debt: 001696's debt to equity ratio has increased from 37.2% to 41.2% over the past 5 years.
Debt Coverage: 001696's debt is well covered by operating cash flow (23.8%).
Interest Coverage: 001696's interest payments on its debt are well covered by EBIT (6.8x coverage).