Qingdao Daneng Environmental Protection Equipment Balance Sheet Health
Financial Health criteria checks 4/6
Qingdao Daneng Environmental Protection Equipment has a total shareholder equity of CN¥928.6M and total debt of CN¥670.0M, which brings its debt-to-equity ratio to 72.2%. Its total assets and total liabilities are CN¥2.7B and CN¥1.8B respectively. Qingdao Daneng Environmental Protection Equipment's EBIT is CN¥132.0M making its interest coverage ratio 7.6. It has cash and short-term investments of CN¥319.9M.
Key information
72.2%
Debt to equity ratio
CN¥670.04m
Debt
| Interest coverage ratio | 7.6x |
| Cash | CN¥319.85m |
| Equity | CN¥928.64m |
| Total liabilities | CN¥1.76b |
| Total assets | CN¥2.69b |
Recent financial health updates
No updates
Recent updates
Market Still Lacking Some Conviction On Qingdao Daneng Environmental Protection Equipment Co., Ltd. (SHSE:688501)
Sep 28
The Returns On Capital At Qingdao Daneng Environmental Protection Equipment (SHSE:688501) Don't Inspire Confidence
Aug 30A Piece Of The Puzzle Missing From Qingdao Daneng Environmental Protection Equipment Co., Ltd.'s (SHSE:688501) Share Price
Jun 07Investors Shouldn't Be Too Comfortable With Qingdao Daneng Environmental Protection Equipment's (SHSE:688501) Earnings
Apr 24Qingdao Daneng Environmental Protection Equipment Co., Ltd. (SHSE:688501) Stock Rockets 26% But Many Are Still Ignoring The Company
Mar 04Financial Position Analysis
Short Term Liabilities: 688501's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 688501's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥221.9M).
Debt to Equity History and Analysis
Debt Level: 688501's net debt to equity ratio (37.7%) is considered satisfactory.
Reducing Debt: 688501's debt to equity ratio has increased from 53.3% to 72.2% over the past 5 years.
Debt Coverage: 688501's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688501's interest payments on its debt are well covered by EBIT (7.6x coverage).