Neway CNC Equipment (Suzhou) Balance Sheet Health
Financial Health criteria checks 6/6
Neway CNC Equipment (Suzhou) has a total shareholder equity of CN¥1.7B and total debt of CN¥565.2M, which brings its debt-to-equity ratio to 33.7%. Its total assets and total liabilities are CN¥3.9B and CN¥2.2B respectively. Neway CNC Equipment (Suzhou)'s EBIT is CN¥307.1M making its interest coverage ratio -18.9. It has cash and short-term investments of CN¥1.4B.
Key information
33.7%
Debt to equity ratio
CN¥565.22m
Debt
Interest coverage ratio | -18.9x |
Cash | CN¥1.42b |
Equity | CN¥1.68b |
Total liabilities | CN¥2.19b |
Total assets | CN¥3.87b |
Recent financial health updates
No updates
Recent updates
Neway CNC Equipment (Suzhou)'s (SHSE:688697) Solid Earnings May Rest On Weak Foundations
Apr 01Analysts Have Lowered Expectations For Neway CNC Equipment (Suzhou) Co., Ltd. (SHSE:688697) After Its Latest Results
Mar 30Calculating The Intrinsic Value Of Neway CNC Equipment (Suzhou) Co., Ltd. (SHSE:688697)
Mar 22Neway CNC Equipment (Suzhou) Co., Ltd.'s (SHSE:688697) Shares Bounce 33% But Its Business Still Trails The Market
Feb 26Financial Position Analysis
Short Term Liabilities: 688697's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 688697's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥32.4M).
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 189.6% to 33.7% over the past 5 years.
Debt Coverage: 688697's debt is well covered by operating cash flow (54.2%).
Interest Coverage: 688697 earns more interest than it pays, so coverage of interest payments is not a concern.