Shandong Longquan Pipe IndustryLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Longquan Pipe IndustryLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥584.2M, which brings its debt-to-equity ratio to 34.8%. Its total assets and total liabilities are CN¥2.8B and CN¥1.2B respectively. Shandong Longquan Pipe IndustryLtd's EBIT is CN¥122.0M making its interest coverage ratio 7. It has cash and short-term investments of CN¥506.2M.
Key information
34.8%
Debt to equity ratio
CN¥584.21m
Debt
| Interest coverage ratio | 7x |
| Cash | CN¥506.20m |
| Equity | CN¥1.68b |
| Total liabilities | CN¥1.16b |
| Total assets | CN¥2.84b |
Recent financial health updates
No updates
Recent updates
Shandong Longquan Pipe Industry Co.,Ltd's (SZSE:002671) 25% Price Boost Is Out Of Tune With Revenues
Nov 11
Shandong Longquan Pipe IndustryLtd (SZSE:002671) Strong Profits May Be Masking Some Underlying Issues
May 06Subdued Growth No Barrier To Shandong Longquan Pipe Industry Co.,Ltd (SZSE:002671) With Shares Advancing 35%
Mar 09Financial Position Analysis
Short Term Liabilities: 002671's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002671's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥92.9M).
Debt to Equity History and Analysis
Debt Level: 002671's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: 002671's debt to equity ratio has increased from 21.4% to 34.8% over the past 5 years.
Debt Coverage: 002671's debt is not well covered by operating cash flow (13%).
Interest Coverage: 002671's interest payments on its debt are well covered by EBIT (7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 20:51 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shandong Longquan Pipe Industry Co.,Ltd is covered by 8 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Chao Fan | Changjiang Securities Co. LTD. |
| Jingjing Wang | China Merchants Securities Co. Ltd. |
| Sissie Ou | China Stock Investment Research Co. Ltd. (GZ500..com) |