Guangxi Liugong Machinery Balance Sheet Health
Financial Health criteria checks 6/6
Guangxi Liugong Machinery has a total shareholder equity of CN¥19.0B and total debt of CN¥9.2B, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are CN¥47.0B and CN¥28.0B respectively. Guangxi Liugong Machinery's EBIT is CN¥1.9B making its interest coverage ratio 26.2. It has cash and short-term investments of CN¥8.0B.
Key information
48.4%
Debt to equity ratio
CN¥9.22b
Debt
| Interest coverage ratio | 26.2x |
| Cash | CN¥8.02b |
| Equity | CN¥19.04b |
| Total liabilities | CN¥27.96b |
| Total assets | CN¥47.01b |
Recent financial health updates
These 4 Measures Indicate That Guangxi Liugong Machinery (SZSE:000528) Is Using Debt Reasonably Well
Aug 26
Here's Why Guangxi Liugong Machinery (SZSE:000528) Can Manage Its Debt Responsibly
May 22Recent updates
Further Upside For Guangxi Liugong Machinery Co., Ltd. (SZSE:000528) Shares Could Introduce Price Risks After 25% Bounce
Sep 28These 4 Measures Indicate That Guangxi Liugong Machinery (SZSE:000528) Is Using Debt Reasonably Well
Aug 26Investors Holding Back On Guangxi Liugong Machinery Co., Ltd. (SZSE:000528)
Aug 09Guangxi Liugong Machinery (SZSE:000528) Is Increasing Its Dividend To CN¥0.1987
Jun 16Here's Why Guangxi Liugong Machinery (SZSE:000528) Can Manage Its Debt Responsibly
May 22Solid Earnings May Not Tell The Whole Story For Guangxi Liugong Machinery (SZSE:000528)
May 03Market Might Still Lack Some Conviction On Guangxi Liugong Machinery Co., Ltd. (SZSE:000528) Even After 36% Share Price Boost
Apr 17There Are Reasons To Feel Uneasy About Guangxi Liugong Machinery's (SZSE:000528) Returns On Capital
Mar 04Financial Position Analysis
Short Term Liabilities: 000528's short term assets (CN¥33.1B) exceed its short term liabilities (CN¥22.0B).
Long Term Liabilities: 000528's short term assets (CN¥33.1B) exceed its long term liabilities (CN¥5.9B).
Debt to Equity History and Analysis
Debt Level: 000528's net debt to equity ratio (6.3%) is considered satisfactory.
Reducing Debt: 000528's debt to equity ratio has reduced from 80.5% to 48.4% over the past 5 years.
Debt Coverage: 000528's debt is well covered by operating cash flow (30%).
Interest Coverage: 000528's interest payments on its debt are well covered by EBIT (26.2x coverage).