Hunan Yujing MachineryLtd Balance Sheet Health
Financial Health criteria checks 4/6
Hunan Yujing MachineryLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥526.9M, which brings its debt-to-equity ratio to 37%. Its total assets and total liabilities are CN¥3.4B and CN¥2.0B respectively. Hunan Yujing MachineryLtd's EBIT is CN¥149.0M making its interest coverage ratio 7.4. It has cash and short-term investments of CN¥165.5M.
Key information
37.0%
Debt to equity ratio
CN¥526.94m
Debt
Interest coverage ratio | 7.4x |
Cash | CN¥165.47m |
Equity | CN¥1.42b |
Total liabilities | CN¥2.00b |
Total assets | CN¥3.42b |
Recent financial health updates
Recent updates
Hunan Yujing MachineryLtd's (SZSE:002943) Profits May Not Reveal Underlying Issues
May 01Hunan Yujing MachineryLtd (SZSE:002943) Might Be Having Difficulty Using Its Capital Effectively
Apr 17Here's Why Hunan Yujing MachineryLtd (SZSE:002943) Can Manage Its Debt Responsibly
Mar 26After Leaping 33% Hunan Yujing Machinery Co.,Ltd (SZSE:002943) Shares Are Not Flying Under The Radar
Mar 01Financial Position Analysis
Short Term Liabilities: 002943's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 002943's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥683.5M).
Debt to Equity History and Analysis
Debt Level: 002943's net debt to equity ratio (25.4%) is considered satisfactory.
Reducing Debt: 002943's debt to equity ratio has increased from 0% to 37% over the past 5 years.
Debt Coverage: 002943's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002943's interest payments on its debt are well covered by EBIT (7.4x coverage).