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).