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 Machinery Co.,Ltd's (SZSE:002363) Shares May Have Run Too Fast Too Soon
Dec 24
Shandong Longji MachineryLtd's (SZSE:002363) Anemic Earnings Might Be Worse Than You Think
Nov 05A 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 02:05 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shandong Longji Machinery Co.,Ltd is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Li Xie | Changjiang Securities Co. LTD. |
| Wei Feng | China International Capital Corporation Limited |
| Fenghua Wang | Shenwan Hongyuan Securities |