Nantong Chaoda EquipmentLtd Balance Sheet Health
Financial Health criteria checks 5/6
Nantong Chaoda EquipmentLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥531.6M, which brings its debt-to-equity ratio to 41.2%. Its total assets and total liabilities are CN¥2.1B and CN¥815.5M respectively. Nantong Chaoda EquipmentLtd's EBIT is CN¥109.8M making its interest coverage ratio -10.3. It has cash and short-term investments of CN¥1.0B.
Key information
41.2%
Debt to equity ratio
CN¥531.58m
Debt
Interest coverage ratio | -10.3x |
Cash | CN¥1.04b |
Equity | CN¥1.29b |
Total liabilities | CN¥815.52m |
Total assets | CN¥2.11b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301186's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥347.9M).
Long Term Liabilities: 301186's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥467.6M).
Debt to Equity History and Analysis
Debt Level: 301186 has more cash than its total debt.
Reducing Debt: 301186's debt to equity ratio has increased from 6.9% to 41.2% over the past 5 years.
Debt Coverage: 301186's debt is well covered by operating cash flow (28.6%).
Interest Coverage: 301186 earns more interest than it pays, so coverage of interest payments is not a concern.