Neway CNC Equipment (Suzhou) Balance Sheet Health
Financial Health criteria checks 6/6
Neway CNC Equipment (Suzhou) has a total shareholder equity of CN¥1.6B and total debt of CN¥519.3M, which brings its debt-to-equity ratio to 31.7%. Its total assets and total liabilities are CN¥4.0B and CN¥2.4B respectively. Neway CNC Equipment (Suzhou)'s EBIT is CN¥309.7M making its interest coverage ratio -29.2. It has cash and short-term investments of CN¥1.2B.
Key information
31.7%
Debt to equity ratio
CN¥519.29m
Debt
| Interest coverage ratio | -29.2x |
| Cash | CN¥1.20b |
| Equity | CN¥1.64b |
| Total liabilities | CN¥2.35b |
| Total assets | CN¥3.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688697's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 688697's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥33.2M).
Debt to Equity History and Analysis
Debt Level: 688697 has more cash than its total debt.
Reducing Debt: 688697's debt to equity ratio has reduced from 140.9% to 31.7% over the past 5 years.
Debt Coverage: 688697's debt is well covered by operating cash flow (46.1%).
Interest Coverage: 688697 earns more interest than it pays, so coverage of interest payments is not a concern.