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¥733.7M, which brings its debt-to-equity ratio to 29%. Its total assets and total liabilities are CN¥4.5B and CN¥1.9B respectively. Ningxia Qinglong Pipes Industry Group's EBIT is CN¥168.3M making its interest coverage ratio 24.9. It has cash and short-term investments of CN¥540.9M.
Key information
29.0%
Debt to equity ratio
CN¥733.74m
Debt
| Interest coverage ratio | 24.9x |
| Cash | CN¥540.86m |
| Equity | CN¥2.53b |
| Total liabilities | CN¥1.94b |
| Total assets | CN¥4.47b |
Recent financial health updates
No updates
Recent updates
Ningxia Qinglong Pipes Industry Group Co., Ltd.'s (SZSE:002457) Shares Climb 38% But Its Business Is Yet to Catch Up
Oct 11
Here's What's Concerning About Ningxia Qinglong Pipes Industry Group's (SZSE:002457) Returns On Capital
Oct 01Ningxia Qinglong Pipes Industry Group (SZSE:002457) Will Pay A Smaller Dividend Than Last Year
May 12Ningxia Qinglong Pipes Industry Group's (SZSE:002457) Shareholders Have More To Worry About Than Only Soft Earnings
Apr 16Financial Position Analysis
Short Term Liabilities: 002457's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 002457's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥68.7M).
Debt to Equity History and Analysis
Debt Level: 002457's net debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: 002457's debt to equity ratio has increased from 25.4% to 29% over the past 5 years.
Debt Coverage: 002457's debt is well covered by operating cash flow (46.1%).
Interest Coverage: 002457's interest payments on its debt are well covered by EBIT (24.9x coverage).