Ningbo Heli Technology Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo Heli Technology has a total shareholder equity of CN¥1.7B and total debt of CN¥40.0M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are CN¥2.1B and CN¥386.2M respectively. Ningbo Heli Technology's EBIT is CN¥27.2M making its interest coverage ratio -12.4. It has cash and short-term investments of CN¥678.4M.
Key information
2.3%
Debt to equity ratio
CN¥40.03m
Debt
Interest coverage ratio | -12.4x |
Cash | CN¥678.44m |
Equity | CN¥1.74b |
Total liabilities | CN¥386.15m |
Total assets | CN¥2.13b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603917's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥301.9M).
Long Term Liabilities: 603917's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥84.3M).
Debt to Equity History and Analysis
Debt Level: 603917 has more cash than its total debt.
Reducing Debt: 603917's debt to equity ratio has reduced from 8.1% to 2.3% over the past 5 years.
Debt Coverage: 603917's debt is well covered by operating cash flow (155.5%).
Interest Coverage: 603917 earns more interest than it pays, so coverage of interest payments is not a concern.