NINGBO HENGSHUAI Balance Sheet Health
Financial Health criteria checks 6/6
NINGBO HENGSHUAI has a total shareholder equity of CN¥1.2B and total debt of CN¥306.8K, which brings its debt-to-equity ratio to 0.03%. Its total assets and total liabilities are CN¥1.4B and CN¥288.5M respectively. NINGBO HENGSHUAI's EBIT is CN¥249.1M making its interest coverage ratio -38.6. It has cash and short-term investments of CN¥595.0M.
Key information
0.03%
Debt to equity ratio
CN¥306.79k
Debt
Interest coverage ratio | -38.6x |
Cash | CN¥595.02m |
Equity | CN¥1.16b |
Total liabilities | CN¥288.52m |
Total assets | CN¥1.45b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300969's short term assets (CN¥971.3M) exceed its short term liabilities (CN¥256.8M).
Long Term Liabilities: 300969's short term assets (CN¥971.3M) exceed its long term liabilities (CN¥31.7M).
Debt to Equity History and Analysis
Debt Level: 300969 has more cash than its total debt.
Reducing Debt: 300969's debt to equity ratio has reduced from 7.5% to 0.03% over the past 5 years.
Debt Coverage: 300969's debt is well covered by operating cash flow (89274.2%).
Interest Coverage: 300969 earns more interest than it pays, so coverage of interest payments is not a concern.