Ningbo TIP Rubber TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo TIP Rubber TechnologyLtd has a total shareholder equity of CN¥832.2M and total debt of CN¥679.6K, which brings its debt-to-equity ratio to 0.08%. Its total assets and total liabilities are CN¥881.7M and CN¥49.5M respectively. Ningbo TIP Rubber TechnologyLtd's EBIT is CN¥31.5M making its interest coverage ratio -6. It has cash and short-term investments of CN¥135.4M.
Key information
0.08%
Debt to equity ratio
CN¥679.56k
Debt
| Interest coverage ratio | -6x |
| Cash | CN¥135.44m |
| Equity | CN¥832.19m |
| Total liabilities | CN¥49.52m |
| Total assets | CN¥881.71m |
Recent financial health updates
No updates
Recent updates
Investor Optimism Abounds Ningbo TIP Rubber Technology Co.,Ltd (SHSE:605255) But Growth Is Lacking
Sep 27
We Think Ningbo TIP Rubber TechnologyLtd's (SHSE:605255) Profit Is Only A Baseline For What They Can Achieve
Apr 29Ningbo TIP Rubber Technology Co.,Ltd (SHSE:605255) Shares May Have Slumped 29% But Getting In Cheap Is Still Unlikely
Apr 17Ningbo TIP Rubber Technology Co.,Ltd's (SHSE:605255) Popularity With Investors Under Threat As Stock Sinks 31%
Feb 26Financial Position Analysis
Short Term Liabilities: 605255's short term assets (CN¥299.1M) exceed its short term liabilities (CN¥42.2M).
Long Term Liabilities: 605255's short term assets (CN¥299.1M) exceed its long term liabilities (CN¥7.3M).
Debt to Equity History and Analysis
Debt Level: 605255 has more cash than its total debt.
Reducing Debt: 605255's debt to equity ratio has increased from 0% to 0.08% over the past 5 years.
Debt Coverage: 605255's debt is well covered by operating cash flow (10761.7%).
Interest Coverage: 605255 earns more interest than it pays, so coverage of interest payments is not a concern.