Shandong Liancheng Precision Manufacturing Balance Sheet Health
Financial Health criteria checks 3/6
Shandong Liancheng Precision Manufacturing has a total shareholder equity of CN¥1.1B and total debt of CN¥990.5M, which brings its debt-to-equity ratio to 87.1%. Its total assets and total liabilities are CN¥2.4B and CN¥1.2B respectively. Shandong Liancheng Precision Manufacturing's EBIT is CN¥45.3M making its interest coverage ratio -6.1. It has cash and short-term investments of CN¥301.7M.
Key information
87.1%
Debt to equity ratio
CN¥990.51m
Debt
Interest coverage ratio | -6.1x |
Cash | CN¥301.68m |
Equity | CN¥1.14b |
Total liabilities | CN¥1.24b |
Total assets | CN¥2.38b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002921's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥847.5M).
Long Term Liabilities: 002921's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥397.2M).
Debt to Equity History and Analysis
Debt Level: 002921's net debt to equity ratio (60.6%) is considered high.
Reducing Debt: 002921's debt to equity ratio has increased from 46.4% to 87.1% over the past 5 years.
Debt Coverage: 002921's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: 002921 earns more interest than it pays, so coverage of interest payments is not a concern.