Neway CNC Equipment (Suzhou) Co., Ltd.

SHSE:688697 Stock Report

Market Cap: CN¥5.7b

Neway CNC Equipment (Suzhou) Balance Sheet Health

Financial Health criteria checks 6/6

Neway CNC Equipment (Suzhou) has a total shareholder equity of CN¥1.6B and total debt of CN¥519.3M, which brings its debt-to-equity ratio to 31.7%. Its total assets and total liabilities are CN¥4.0B and CN¥2.4B respectively. Neway CNC Equipment (Suzhou)'s EBIT is CN¥309.7M making its interest coverage ratio -29.2. It has cash and short-term investments of CN¥1.2B.

Key information

31.7%

Debt to equity ratio

CN¥519.29m

Debt

Interest coverage ratio-29.2x
CashCN¥1.20b
EquityCN¥1.64b
Total liabilitiesCN¥2.35b
Total assetsCN¥3.99b

Recent financial health updates

Is Neway CNC Equipment (Suzhou) (SHSE:688697) A Risky Investment?

Oct 18
Is Neway CNC Equipment (Suzhou) (SHSE:688697) A Risky Investment?

Neway CNC Equipment (Suzhou) (SHSE:688697) Seems To Use Debt Quite Sensibly

Jul 03
Neway CNC Equipment (Suzhou) (SHSE:688697) Seems To Use Debt Quite Sensibly

Recent updates

Investors Met With Slowing Returns on Capital At Neway CNC Equipment (Suzhou) (SHSE:688697)

Nov 27
Investors Met With Slowing Returns on Capital At Neway CNC Equipment (Suzhou) (SHSE:688697)

Neway CNC Equipment (Suzhou)'s (SHSE:688697) Shareholders May Want To Dig Deeper Than Statutory Profit

Nov 05
Neway CNC Equipment (Suzhou)'s (SHSE:688697) Shareholders May Want To Dig Deeper Than Statutory Profit

Is Neway CNC Equipment (Suzhou) (SHSE:688697) A Risky Investment?

Oct 18
Is Neway CNC Equipment (Suzhou) (SHSE:688697) A Risky Investment?

Neway CNC Equipment (Suzhou) Co., Ltd.'s (SHSE:688697) Subdued P/E Might Signal An Opportunity

Sep 26
Neway CNC Equipment (Suzhou) Co., Ltd.'s (SHSE:688697) Subdued P/E Might Signal An Opportunity

Neway CNC Equipment (Suzhou) (SHSE:688697) Seems To Use Debt Quite Sensibly

Jul 03
Neway CNC Equipment (Suzhou) (SHSE:688697) Seems To Use Debt Quite Sensibly

Lacklustre Performance Is Driving Neway CNC Equipment (Suzhou) Co., Ltd.'s (SHSE:688697) Low P/E

Jun 07
Lacklustre Performance Is Driving Neway CNC Equipment (Suzhou) Co., Ltd.'s (SHSE:688697) Low P/E

Neway CNC Equipment (Suzhou)'s (SHSE:688697) Solid Earnings May Rest On Weak Foundations

Apr 01
Neway CNC Equipment (Suzhou)'s (SHSE:688697) Solid Earnings May Rest On Weak Foundations

Analysts Have Lowered Expectations For Neway CNC Equipment (Suzhou) Co., Ltd. (SHSE:688697) After Its Latest Results

Mar 30
Analysts Have Lowered Expectations For Neway CNC Equipment (Suzhou) Co., Ltd. (SHSE:688697) After Its Latest Results

Calculating The Intrinsic Value Of Neway CNC Equipment (Suzhou) Co., Ltd. (SHSE:688697)

Mar 22
Calculating The Intrinsic Value Of Neway CNC Equipment (Suzhou) Co., Ltd. (SHSE:688697)

Neway CNC Equipment (Suzhou) Co., Ltd.'s (SHSE:688697) Shares Bounce 33% But Its Business Still Trails The Market

Feb 26
Neway CNC Equipment (Suzhou) Co., Ltd.'s (SHSE:688697) Shares Bounce 33% But Its Business Still Trails The Market

Financial Position Analysis

Short Term Liabilities: 688697's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥2.3B).

Long Term Liabilities: 688697's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥33.2M).

Debt to Equity History and Analysis

Debt Level: 688697 has more cash than its total debt.

Reducing Debt: 688697's debt to equity ratio has reduced from 140.9% to 31.7% over the past 5 years.

Debt Coverage: 688697's debt is well covered by operating cash flow (46.1%).

Interest Coverage: 688697 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Discover healthy companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 18:27
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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

Neway CNC Equipment (Suzhou) Co., Ltd. is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pei LuChina Galaxy Securities Co., Ltd.
Zhengyang NiHuatai Research