Guangxi Liugong Machinery Balance Sheet Health
Financial Health criteria checks 5/6
Guangxi Liugong Machinery has a total shareholder equity of CN¥18.5B and total debt of CN¥10.8B, which brings its debt-to-equity ratio to 58.4%. Its total assets and total liabilities are CN¥46.8B and CN¥28.3B respectively. Guangxi Liugong Machinery's EBIT is CN¥1.6B making its interest coverage ratio 89. It has cash and short-term investments of CN¥8.9B.
Key information
58.4%
Debt to equity ratio
CN¥10.80b
Debt
| Interest coverage ratio | 89x |
| Cash | CN¥8.86b |
| Equity | CN¥18.50b |
| Total liabilities | CN¥28.34b |
| Total assets | CN¥46.84b |
Financial Position Analysis
Short Term Liabilities: 000528's short term assets (CN¥33.3B) exceed its short term liabilities (CN¥22.2B).
Long Term Liabilities: 000528's short term assets (CN¥33.3B) exceed its long term liabilities (CN¥6.1B).
Debt to Equity History and Analysis
Debt Level: 000528's net debt to equity ratio (10.5%) is considered satisfactory.
Reducing Debt: 000528's debt to equity ratio has reduced from 86.9% to 58.4% over the past 5 years.
Debt Coverage: 000528's debt is not well covered by operating cash flow (8.6%).
Interest Coverage: 000528's interest payments on its debt are well covered by EBIT (89x coverage).