Shandong Liancheng Precision Manufacturing Balance Sheet Health
Financial Health criteria checks 2/6
Shandong Liancheng Precision Manufacturing has a total shareholder equity of CN¥1.1B and total debt of CN¥995.6M, which brings its debt-to-equity ratio to 87.9%. Its total assets and total liabilities are CN¥2.5B and CN¥1.3B respectively. Shandong Liancheng Precision Manufacturing's EBIT is CN¥14.5M making its interest coverage ratio 0.4. It has cash and short-term investments of CN¥300.7M.
Key information
87.9%
Debt to equity ratio
CN¥995.58m
Debt
| Interest coverage ratio | 0.4x |
| Cash | CN¥300.73m |
| Equity | CN¥1.13b |
| Total liabilities | CN¥1.33b |
| Total assets | CN¥2.46b |
Recent financial health updates
No updates
Recent updates
Risks To Shareholder Returns Are Elevated At These Prices For Shandong Liancheng Precision Manufacturing Co., Ltd (SZSE:002921)
Sep 30
Shandong Liancheng Precision Manufacturing's (SZSE:002921) Dividend Will Be Reduced To CN¥0.10
Jun 03Shandong Liancheng Precision Manufacturing (SZSE:002921) May Have Issues Allocating Its Capital
Apr 04Shandong Liancheng Precision Manufacturing Co., Ltd (SZSE:002921) Investors Are Less Pessimistic Than Expected
Feb 29Financial Position Analysis
Short Term Liabilities: 002921's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥899.9M).
Long Term Liabilities: 002921's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥428.3M).
Debt to Equity History and Analysis
Debt Level: 002921's net debt to equity ratio (61.3%) is considered high.
Reducing Debt: 002921's debt to equity ratio has increased from 38.6% to 87.9% over the past 5 years.
Debt Coverage: 002921's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: 002921's interest payments on its debt are not well covered by EBIT (0.4x coverage).