Nanning Baling Technology Balance Sheet Health
Financial Health criteria checks 6/6
Nanning Baling Technology has a total shareholder equity of CN¥859.8M and total debt of CN¥41.1M, which brings its debt-to-equity ratio to 4.8%. Its total assets and total liabilities are CN¥1.1B and CN¥260.3M respectively. Nanning Baling Technology's EBIT is CN¥5.4M making its interest coverage ratio -0. It has cash and short-term investments of CN¥147.1M.
Key information
4.8%
Debt to equity ratio
CN¥41.06m
Debt
| Interest coverage ratio | -0.04x |
| Cash | CN¥147.12m |
| Equity | CN¥859.77m |
| Total liabilities | CN¥260.26m |
| Total assets | CN¥1.12b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002592's short term assets (CN¥476.5M) exceed its short term liabilities (CN¥254.0M).
Long Term Liabilities: 002592's short term assets (CN¥476.5M) exceed its long term liabilities (CN¥6.3M).
Debt to Equity History and Analysis
Debt Level: 002592 has more cash than its total debt.
Reducing Debt: 002592's debt to equity ratio has reduced from 8.6% to 4.8% over the past 5 years.
Debt Coverage: 002592's debt is well covered by operating cash flow (177.3%).
Interest Coverage: 002592 earns more interest than it pays, so coverage of interest payments is not a concern.