Shandong Molong Petroleum Machinery Balance Sheet Health
Financial Health criteria checks 3/6
Shandong Molong Petroleum Machinery has a total shareholder equity of CN¥490.0M and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 308.2%. Its total assets and total liabilities are CN¥2.8B and CN¥2.3B respectively.
Key information
308.2%
Debt to equity ratio
CN¥1.51b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥89.07m |
| Equity | CN¥490.02m |
| Total liabilities | CN¥2.27b |
| Total assets | CN¥2.76b |
Recent financial health updates
Is Shandong Molong Petroleum Machinery (HKG:568) Using Debt In A Risky Way?
Jun 25
Is Shandong Molong Petroleum Machinery (HKG:568) Using Debt In A Risky Way?
Jan 23Is Shandong Molong Petroleum Machinery (HKG:568) A Risky Investment?
Oct 20Here's Why Shandong Molong Petroleum Machinery (HKG:568) Can Afford Some Debt
May 31We Think Shandong Molong Petroleum Machinery (HKG:568) Has A Fair Chunk Of Debt
Feb 14Shandong Molong Petroleum Machinery (HKG:568) Is Carrying A Fair Bit Of Debt
Sep 16Recent updates
There's Reason For Concern Over Shandong Molong Petroleum Machinery Company Limited's (HKG:568) Massive 36% Price Jump
Oct 02Estimating The Fair Value Of Shandong Molong Petroleum Machinery Company Limited (HKG:568)
Aug 07Is Shandong Molong Petroleum Machinery (HKG:568) Using Debt In A Risky Way?
Jun 25Risks Still Elevated At These Prices As Shandong Molong Petroleum Machinery Company Limited (HKG:568) Shares Dive 26%
Jun 25Shandong Molong Petroleum Machinery Company Limited (HKG:568) Shares May Have Slumped 40% But Getting In Cheap Is Still Unlikely
Apr 10Is Shandong Molong Petroleum Machinery (HKG:568) Using Debt In A Risky Way?
Jan 23Is Shandong Molong Petroleum Machinery (HKG:568) A Risky Investment?
Oct 20Here's Why Shandong Molong Petroleum Machinery (HKG:568) Can Afford Some Debt
May 31We Think Shandong Molong Petroleum Machinery (HKG:568) Has A Fair Chunk Of Debt
Feb 14Shandong Molong Petroleum Machinery (HKG:568) Is Carrying A Fair Bit Of Debt
Sep 16Financial Position Analysis
Short Term Liabilities: 568's short term assets (CN¥1.3B) do not cover its short term liabilities (CN¥2.2B).
Long Term Liabilities: 568's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥25.3M).
Debt to Equity History and Analysis
Debt Level: 568's net debt to equity ratio (290%) is considered high.
Reducing Debt: 568's debt to equity ratio has increased from 134.4% to 308.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 568 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 568 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 21.7% per year.