Neway Valve (Suzhou) Balance Sheet Health
Financial Health criteria checks 5/6
Neway Valve (Suzhou) has a total shareholder equity of CN¥4.0B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 30.4%. Its total assets and total liabilities are CN¥7.9B and CN¥3.8B respectively. Neway Valve (Suzhou)'s EBIT is CN¥928.7M making its interest coverage ratio -776. It has cash and short-term investments of CN¥1.3B.
Key information
30.4%
Debt to equity ratio
CN¥1.23b
Debt
Interest coverage ratio | -776x |
Cash | CN¥1.30b |
Equity | CN¥4.04b |
Total liabilities | CN¥3.82b |
Total assets | CN¥7.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603699's short term assets (CN¥6.2B) exceed its short term liabilities (CN¥3.8B).
Long Term Liabilities: 603699's short term assets (CN¥6.2B) exceed its long term liabilities (CN¥62.9M).
Debt to Equity History and Analysis
Debt Level: 603699 has more cash than its total debt.
Reducing Debt: 603699's debt to equity ratio has increased from 19.7% to 30.4% over the past 5 years.
Debt Coverage: 603699's debt is well covered by operating cash flow (41.6%).
Interest Coverage: 603699 earns more interest than it pays, so coverage of interest payments is not a concern.