Luoyang Xinqianglian Slewing Bearing Balance Sheet Health
Financial Health criteria checks 4/6
Luoyang Xinqianglian Slewing Bearing has a total shareholder equity of CN¥5.1B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 56.6%. Its total assets and total liabilities are CN¥9.8B and CN¥4.6B respectively. Luoyang Xinqianglian Slewing Bearing's EBIT is CN¥228.5M making its interest coverage ratio 2.7. It has cash and short-term investments of CN¥865.7M.
Key information
56.6%
Debt to equity ratio
CN¥2.90b
Debt
| Interest coverage ratio | 2.7x |
| Cash | CN¥865.65m |
| Equity | CN¥5.13b |
| Total liabilities | CN¥4.63b |
| Total assets | CN¥9.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300850's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 300850's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥2.5B).
Debt to Equity History and Analysis
Debt Level: 300850's net debt to equity ratio (39.7%) is considered satisfactory.
Reducing Debt: 300850's debt to equity ratio has increased from 25.5% to 56.6% over the past 5 years.
Debt Coverage: 300850's debt is well covered by operating cash flow (24%).
Interest Coverage: 300850's interest payments on its debt are not well covered by EBIT (2.7x coverage).