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¥97.1M, which brings its debt-to-equity ratio to 4.5%. Its total assets and total liabilities are CN¥3.4B and CN¥1.2B respectively. Shandong Longji MachineryLtd's EBIT is CN¥19.5M making its interest coverage ratio -1.7. It has cash and short-term investments of CN¥1.1B.
Key information
4.5%
Debt to equity ratio
CN¥97.07m
Debt
| Interest coverage ratio | -1.7x |
| Cash | CN¥1.06b |
| Equity | CN¥2.17b |
| Total liabilities | CN¥1.22b |
| Total assets | CN¥3.39b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002363's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 002363's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥52.2M).
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% to 4.5% over the past 5 years.
Debt Coverage: 002363's debt is well covered by operating cash flow (212.1%).
Interest Coverage: 002363 earns more interest than it pays, so coverage of interest payments is not a concern.