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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 08:28 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Qijing Machinery Co., Ltd. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Shang Wen Cheng | Industrial Securities Co. Ltd. |