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¥652.0M, which brings its debt-to-equity ratio to 27%. Its total assets and total liabilities are CN¥4.0B and CN¥1.5B respectively. Nanxing Machinery's EBIT is CN¥316.5M making its interest coverage ratio 18.4. It has cash and short-term investments of CN¥747.9M.
Key information
27.0%
Debt to equity ratio
CN¥651.99m
Debt
| Interest coverage ratio | 18.4x |
| Cash | CN¥747.88m |
| Equity | CN¥2.42b |
| Total liabilities | CN¥1.53b |
| Total assets | CN¥3.95b |
Recent financial health updates
Recent updates
Some Investors May Be Willing To Look Past Nanxing Machinery's (SZSE:002757) Soft Earnings
Nov 06
We Think Nanxing Machinery (SZSE:002757) Can Stay On Top Of Its Debt
Oct 16We Think You Can Look Beyond Nanxing Machinery's (SZSE:002757) Lackluster Earnings
May 03Nanxing Machinery Co., Ltd. (SZSE:002757) Shares Fly 25% But Investors Aren't Buying For Growth
Mar 04We Ran A Stock Scan For Earnings Growth And Nanxing Machinery (SZSE:002757) Passed With Ease
Feb 27Financial Position Analysis
Short Term Liabilities: 002757's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥798.5M).
Long Term Liabilities: 002757's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥736.0M).
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 10.3% to 27% over the past 5 years.
Debt Coverage: 002757's debt is well covered by operating cash flow (63.3%).
Interest Coverage: 002757's interest payments on its debt are well covered by EBIT (18.4x coverage).