Qijing Machinery Balance Sheet Health
Financial Health criteria checks 4/6
Qijing Machinery has a total shareholder equity of CN¥1.2B and total debt of CN¥589.5M, which brings its debt-to-equity ratio to 50.1%. Its total assets and total liabilities are CN¥2.4B and CN¥1.2B respectively. Qijing Machinery's EBIT is CN¥64.7M making its interest coverage ratio 5.5. It has cash and short-term investments of CN¥538.7M.
Key information
50.1%
Debt to equity ratio
CN¥589.50m
Debt
| Interest coverage ratio | 5.5x |
| Cash | CN¥538.71m |
| Equity | CN¥1.18b |
| Total liabilities | CN¥1.21b |
| Total assets | CN¥2.39b |
Recent financial health updates
No updates
Recent updates
What Qijing Machinery Co., Ltd.'s (SHSE:603677) 28% Share Price Gain Is Not Telling You
Oct 28
Qijing Machinery (SHSE:603677) Has Some Difficulty Using Its Capital Effectively
Oct 01Qijing Machinery's (SHSE:603677) Profits Appear To Have Quality Issues
Aug 27Some Confidence Is Lacking In Qijing Machinery Co., Ltd.'s (SHSE:603677) P/E
Feb 27Financial Position Analysis
Short Term Liabilities: 603677's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 603677's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥182.7M).
Debt to Equity History and Analysis
Debt Level: 603677's net debt to equity ratio (4.3%) is considered satisfactory.
Reducing Debt: 603677's debt to equity ratio has increased from 28.4% to 50.1% over the past 5 years.
Debt Coverage: 603677's debt is not well covered by operating cash flow (18.3%).
Interest Coverage: 603677's interest payments on its debt are well covered by EBIT (5.5x coverage).