Hunan Yujing MachineryLtd Balance Sheet Health
Financial Health criteria checks 2/6
Hunan Yujing MachineryLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥843.0M, which brings its debt-to-equity ratio to 63.1%. Its total assets and total liabilities are CN¥3.5B and CN¥2.2B respectively. Hunan Yujing MachineryLtd's EBIT is CN¥73.6M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥213.5M.
Key information
63.1%
Debt to equity ratio
CN¥843.05m
Debt
| Interest coverage ratio | 2.3x |
| Cash | CN¥213.50m |
| Equity | CN¥1.34b |
| Total liabilities | CN¥2.16b |
| Total assets | CN¥3.50b |
Recent financial health updates
Hunan Yujing MachineryLtd (SZSE:002943) Takes On Some Risk With Its Use Of Debt
Oct 16
Here's Why Hunan Yujing MachineryLtd (SZSE:002943) Can Manage Its Debt Responsibly
Mar 26Recent updates
Earnings Troubles May Signal Larger Issues for Hunan Yujing MachineryLtd (SZSE:002943) Shareholders
Nov 07Hunan Yujing MachineryLtd (SZSE:002943) Takes On Some Risk With Its Use Of Debt
Oct 16Why Investors Shouldn't Be Surprised By Hunan Yujing Machinery Co.,Ltd's (SZSE:002943) 28% Share Price Surge
Sep 27Many Still Looking Away From Hunan Yujing Machinery Co.,Ltd (SZSE:002943)
Jun 13Hunan 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¥1.9B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 002943's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥974.8M).
Debt to Equity History and Analysis
Debt Level: 002943's net debt to equity ratio (47.1%) is considered high.
Reducing Debt: 002943's debt to equity ratio has increased from 1.9% to 63.1% 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 not well covered by EBIT (2.3x coverage).