Guangxi Liugong Machinery Balance Sheet Health
Financial Health criteria checks 6/6
Guangxi Liugong Machinery has a total shareholder equity of CN¥18.8B and total debt of CN¥10.1B, which brings its debt-to-equity ratio to 53.6%. Its total assets and total liabilities are CN¥47.4B and CN¥28.6B respectively. Guangxi Liugong Machinery's EBIT is CN¥1.7B making its interest coverage ratio 71.8. It has cash and short-term investments of CN¥9.0B.
Key information
53.6%
Debt to equity ratio
CN¥10.08b
Debt
| Interest coverage ratio | 71.8x |
| Cash | CN¥8.95b |
| Equity | CN¥18.81b |
| Total liabilities | CN¥28.62b |
| Total assets | CN¥47.43b |
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
These 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¥33.7B) exceed its short term liabilities (CN¥23.0B).
Long Term Liabilities: 000528's short term assets (CN¥33.7B) exceed its long term liabilities (CN¥5.6B).
Debt to Equity History and Analysis
Debt Level: 000528's net debt to equity ratio (6%) is considered satisfactory.
Reducing Debt: 000528's debt to equity ratio has reduced from 87% to 53.6% over the past 5 years.
Debt Coverage: 000528's debt is well covered by operating cash flow (30.2%).
Interest Coverage: 000528's interest payments on its debt are well covered by EBIT (71.8x coverage).