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¥3.4B, which brings its debt-to-equity ratio to 67.5%. Its total assets and total liabilities are CN¥10.1B and CN¥5.1B respectively. Luoyang Xinqianglian Slewing Bearing's EBIT is CN¥333.7M making its interest coverage ratio 3.5. It has cash and short-term investments of CN¥1.3B.
Key information
67.5%
Debt to equity ratio
CN¥3.42b
Debt
| Interest coverage ratio | 3.5x |
| Cash | CN¥1.34b |
| Equity | CN¥5.06b |
| Total liabilities | CN¥5.09b |
| Total assets | CN¥10.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300850's short term assets (CN¥4.4B) exceed its short term liabilities (CN¥3.0B).
Long Term Liabilities: 300850's short term assets (CN¥4.4B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 300850's net debt to equity ratio (41.1%) is considered high.
Reducing Debt: 300850's debt to equity ratio has increased from 24.6% to 67.5% over the past 5 years.
Debt Coverage: 300850's debt is not well covered by operating cash flow (15.6%).
Interest Coverage: 300850's interest payments on its debt are well covered by EBIT (3.5x coverage).