Luoyang Xinqianglian Slewing Bearing Balance Sheet Health
Financial Health criteria checks 3/6
Luoyang Xinqianglian Slewing Bearing has a total shareholder equity of CN¥5.1B and total debt of CN¥3.5B, which brings its debt-to-equity ratio to 67.6%. Its total assets and total liabilities are CN¥9.9B and CN¥4.8B respectively. Luoyang Xinqianglian Slewing Bearing's EBIT is CN¥395.6M making its interest coverage ratio 4.4. It has cash and short-term investments of CN¥1.3B.
Key information
67.6%
Debt to equity ratio
CN¥3.48b
Debt
Interest coverage ratio | 4.4x |
Cash | CN¥1.30b |
Equity | CN¥5.14b |
Total liabilities | CN¥4.75b |
Total assets | CN¥9.90b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300850's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 300850's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 300850's net debt to equity ratio (42.4%) is considered high.
Reducing Debt: 300850's debt to equity ratio has increased from 23.6% to 67.6% over the past 5 years.
Debt Coverage: 300850's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: 300850's interest payments on its debt are well covered by EBIT (4.4x coverage).