Ningxia Qinglong Pipes Industry Group Balance Sheet Health
Financial Health criteria checks 5/6
Ningxia Qinglong Pipes Industry Group has a total shareholder equity of CN¥2.5B and total debt of CN¥658.6M, which brings its debt-to-equity ratio to 26.8%. Its total assets and total liabilities are CN¥4.3B and CN¥1.8B respectively. Ningxia Qinglong Pipes Industry Group's EBIT is CN¥55.1M making its interest coverage ratio 7.4. It has cash and short-term investments of CN¥451.2M.
Key information
26.8%
Debt to equity ratio
CN¥658.57m
Debt
Interest coverage ratio | 7.4x |
Cash | CN¥451.20m |
Equity | CN¥2.46b |
Total liabilities | CN¥1.81b |
Total assets | CN¥4.27b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002457's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 002457's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥115.9M).
Debt to Equity History and Analysis
Debt Level: 002457's net debt to equity ratio (8.4%) is considered satisfactory.
Reducing Debt: 002457's debt to equity ratio has increased from 21.1% to 26.8% over the past 5 years.
Debt Coverage: 002457's debt is well covered by operating cash flow (46.3%).
Interest Coverage: 002457's interest payments on its debt are well covered by EBIT (7.4x coverage).