Shandong Longji MachineryLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Longji MachineryLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥67.0M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are CN¥3.3B and CN¥1.1B respectively. Shandong Longji MachineryLtd's EBIT is CN¥25.0M making its interest coverage ratio -1.6. It has cash and short-term investments of CN¥1.2B.
Key information
3.1%
Debt to equity ratio
CN¥67.02m
Debt
| Interest coverage ratio | -1.6x |
| Cash | CN¥1.22b |
| Equity | CN¥2.16b |
| Total liabilities | CN¥1.15b |
| Total assets | CN¥3.31b |
Recent financial health updates
No updates
Recent updates
Shandong Longji MachineryLtd's (SZSE:002363) Anemic Earnings Might Be Worse Than You Think
Nov 05
A Look At The Fair Value Of Shandong Longji Machinery Co.,Ltd (SZSE:002363)
Oct 01Some Confidence Is Lacking In Shandong Longji Machinery Co.,Ltd's (SZSE:002363) P/E
Jun 07Shandong Longji MachineryLtd's (SZSE:002363) Soft Earnings Are Actually Better Than They Appear
May 05Returns On Capital Signal Difficult Times Ahead For Shandong Longji MachineryLtd (SZSE:002363)
Apr 01Shandong Longji Machinery Co.,Ltd's (SZSE:002363) Price Is Out Of Tune With Earnings
Feb 27Financial Position Analysis
Short Term Liabilities: 002363's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002363's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥51.8M).
Debt to Equity History and Analysis
Debt Level: 002363 has more cash than its total debt.
Reducing Debt: 002363's debt to equity ratio has increased from 0.9% to 3.1% over the past 5 years.
Debt Coverage: 002363's debt is well covered by operating cash flow (414.7%).
Interest Coverage: 002363 earns more interest than it pays, so coverage of interest payments is not a concern.