Nanxing Machinery Balance Sheet Health
Financial Health criteria checks 5/6
Nanxing Machinery has a total shareholder equity of CN¥2.4B and total debt of CN¥682.9M, which brings its debt-to-equity ratio to 28%. Its total assets and total liabilities are CN¥4.1B and CN¥1.7B respectively. Nanxing Machinery's EBIT is CN¥392.5M making its interest coverage ratio -51. It has cash and short-term investments of CN¥842.9M.
Key information
28.0%
Debt to equity ratio
CN¥682.88m
Debt
Interest coverage ratio | -51x |
Cash | CN¥842.93m |
Equity | CN¥2.44b |
Total liabilities | CN¥1.71b |
Total assets | CN¥4.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002757's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002757's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥646.5M).
Debt to Equity History and Analysis
Debt Level: 002757 has more cash than its total debt.
Reducing Debt: 002757's debt to equity ratio has increased from 6.7% to 28% over the past 5 years.
Debt Coverage: 002757's debt is well covered by operating cash flow (63%).
Interest Coverage: 002757 earns more interest than it pays, so coverage of interest payments is not a concern.