Neway CNC Equipment (Suzhou) Balance Sheet Health
Financial Health criteria checks 5/6
Neway CNC Equipment (Suzhou) has a total shareholder equity of CN¥1.6B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 65.8%. Its total assets and total liabilities are CN¥3.8B and CN¥2.2B respectively. Neway CNC Equipment (Suzhou)'s EBIT is CN¥305.5M making its interest coverage ratio -23.8. It has cash and short-term investments of CN¥1.1B.
Key information
65.8%
Debt to equity ratio
CN¥1.02b
Debt
| Interest coverage ratio | -23.8x |
| Cash | CN¥1.11b |
| Equity | CN¥1.56b |
| Total liabilities | CN¥2.22b |
| Total assets | CN¥3.78b |
Recent financial health updates
Is Neway CNC Equipment (Suzhou) (SHSE:688697) A Risky Investment?
Oct 18
Neway CNC Equipment (Suzhou) (SHSE:688697) Seems To Use Debt Quite Sensibly
Jul 03Recent updates
Is Neway CNC Equipment (Suzhou) (SHSE:688697) A Risky Investment?
Oct 18Neway CNC Equipment (Suzhou) Co., Ltd.'s (SHSE:688697) Subdued P/E Might Signal An Opportunity
Sep 26Neway CNC Equipment (Suzhou) (SHSE:688697) Seems To Use Debt Quite Sensibly
Jul 03Lacklustre Performance Is Driving Neway CNC Equipment (Suzhou) Co., Ltd.'s (SHSE:688697) Low P/E
Jun 07Neway 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¥3.1B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 688697's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥30.6M).
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 164.1% to 65.8% over the past 5 years.
Debt Coverage: 688697's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: 688697 earns more interest than it pays, so coverage of interest payments is not a concern.