Neway Valve (Suzhou) Balance Sheet Health
Financial Health criteria checks 6/6
Neway Valve (Suzhou) has a total shareholder equity of CN¥4.0B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 27.2%. Its total assets and total liabilities are CN¥8.1B and CN¥4.0B respectively. Neway Valve (Suzhou)'s EBIT is CN¥1.1B making its interest coverage ratio -1593.8. It has cash and short-term investments of CN¥1.4B.
Key information
27.2%
Debt to equity ratio
CN¥1.09b
Debt
| Interest coverage ratio | -1593.8x |
| Cash | CN¥1.41b |
| Equity | CN¥4.02b |
| Total liabilities | CN¥4.04b |
| Total assets | CN¥8.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603699's short term assets (CN¥6.4B) exceed its short term liabilities (CN¥4.0B).
Long Term Liabilities: 603699's short term assets (CN¥6.4B) exceed its long term liabilities (CN¥58.1M).
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 reduced from 29.2% to 27.2% over the past 5 years.
Debt Coverage: 603699's debt is well covered by operating cash flow (72.2%).
Interest Coverage: 603699 earns more interest than it pays, so coverage of interest payments is not a concern.