Suzhou Longway Eletronic Machinery Balance Sheet Health
Financial Health criteria checks 6/6
Suzhou Longway Eletronic Machinery has a total shareholder equity of CN¥1.2B and total debt of CN¥98.8M, which brings its debt-to-equity ratio to 8.3%. Its total assets and total liabilities are CN¥1.5B and CN¥341.8M respectively. Suzhou Longway Eletronic Machinery's EBIT is CN¥70.7M making its interest coverage ratio 891.1. It has cash and short-term investments of CN¥69.8M.
Key information
8.3%
Debt to equity ratio
CN¥98.79m
Debt
Interest coverage ratio | 891.1x |
Cash | CN¥69.78m |
Equity | CN¥1.19b |
Total liabilities | CN¥341.83m |
Total assets | CN¥1.53b |
Financial Position Analysis
Short Term Liabilities: 301202's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥321.3M).
Long Term Liabilities: 301202's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥20.5M).
Debt to Equity History and Analysis
Debt Level: 301202's net debt to equity ratio (2.4%) is considered satisfactory.
Reducing Debt: 301202's debt to equity ratio has reduced from 79.8% to 8.3% over the past 5 years.
Debt Coverage: 301202's debt is well covered by operating cash flow (66.7%).
Interest Coverage: 301202's interest payments on its debt are well covered by EBIT (891.1x coverage).