Shandong Weida Machinery Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Weida Machinery has a total shareholder equity of CN¥3.5B and total debt of CN¥500.8M, which brings its debt-to-equity ratio to 14.2%. Its total assets and total liabilities are CN¥5.1B and CN¥1.6B respectively. Shandong Weida Machinery's EBIT is CN¥170.2M making its interest coverage ratio -4.2. It has cash and short-term investments of CN¥2.1B.
Key information
14.2%
Debt to equity ratio
CN¥500.83m
Debt
Interest coverage ratio | -4.2x |
Cash | CN¥2.09b |
Equity | CN¥3.51b |
Total liabilities | CN¥1.59b |
Total assets | CN¥5.11b |
Recent financial health updates
No updates
Recent updates
Shandong Weida Machinery Co., Ltd. (SZSE:002026) Held Back By Insufficient Growth Even After Shares Climb 26%
May 22At CN¥8.06, Is It Time To Put Shandong Weida Machinery Co., Ltd. (SZSE:002026) On Your Watch List?
Apr 24Shandong Weida Machinery's (SZSE:002026) Problems Go Beyond Weak Profit
Apr 01Shandong Weida Machinery Co., Ltd.'s (SZSE:002026) Shares Climb 28% But Its Business Is Yet to Catch Up
Mar 08Capital Allocation Trends At Shandong Weida Machinery (SZSE:002026) Aren't Ideal
Feb 27Financial Position Analysis
Short Term Liabilities: 002026's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 002026's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥66.3M).
Debt to Equity History and Analysis
Debt Level: 002026 has more cash than its total debt.
Reducing Debt: 002026's debt to equity ratio has increased from 0% to 14.2% over the past 5 years.
Debt Coverage: 002026's debt is well covered by operating cash flow (66.6%).
Interest Coverage: 002026 earns more interest than it pays, so coverage of interest payments is not a concern.