Qijing Machinery Balance Sheet Health
Financial Health criteria checks 5/6
Qijing Machinery has a total shareholder equity of CN¥1.2B and total debt of CN¥518.5M, which brings its debt-to-equity ratio to 44%. Its total assets and total liabilities are CN¥2.2B and CN¥1.1B respectively. Qijing Machinery's EBIT is CN¥88.0M making its interest coverage ratio 5.4. It has cash and short-term investments of CN¥496.5M.
Key information
44.0%
Debt to equity ratio
CN¥518.48m
Debt
Interest coverage ratio | 5.4x |
Cash | CN¥496.55m |
Equity | CN¥1.18b |
Total liabilities | CN¥1.07b |
Total assets | CN¥2.24b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603677's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥973.4M).
Long Term Liabilities: 603677's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥92.3M).
Debt to Equity History and Analysis
Debt Level: 603677's net debt to equity ratio (1.9%) is considered satisfactory.
Reducing Debt: 603677's debt to equity ratio has increased from 39.1% to 44% over the past 5 years.
Debt Coverage: 603677's debt is well covered by operating cash flow (36.8%).
Interest Coverage: 603677's interest payments on its debt are well covered by EBIT (5.4x coverage).