Neway CNC Equipment (Suzhou) Balance Sheet Health
Financial Health criteria checks 5/6
Neway CNC Equipment (Suzhou) has a total shareholder equity of CN¥1.6B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 65.8%. Its total assets and total liabilities are CN¥3.8B and CN¥2.2B respectively. Neway CNC Equipment (Suzhou)'s EBIT is CN¥305.5M making its interest coverage ratio -23.8. It has cash and short-term investments of CN¥1.1B.
Key information
65.8%
Debt to equity ratio
CN¥1.02b
Debt
| Interest coverage ratio | -23.8x |
| Cash | CN¥1.11b |
| Equity | CN¥1.56b |
| Total liabilities | CN¥2.22b |
| Total assets | CN¥3.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688697's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 688697's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥30.6M).
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 164.1% to 65.8% over the past 5 years.
Debt Coverage: 688697's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: 688697 earns more interest than it pays, so coverage of interest payments is not a concern.