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¥474.5M, which brings its debt-to-equity ratio to 37.2%. Its total assets and total liabilities are CN¥2.0B and CN¥744.3M respectively. Nantong Chaoda EquipmentLtd's EBIT is CN¥107.9M making its interest coverage ratio -9.1. It has cash and short-term investments of CN¥959.5M.
Key information
37.2%
Debt to equity ratio
CN¥474.48m
Debt
| Interest coverage ratio | -9.1x |
| Cash | CN¥959.46m |
| Equity | CN¥1.28b |
| Total liabilities | CN¥744.33m |
| Total assets | CN¥2.02b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301186's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥271.9M).
Long Term Liabilities: 301186's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥472.5M).
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 7.1% to 37.2% over the past 5 years.
Debt Coverage: 301186's debt is well covered by operating cash flow (36.2%).
Interest Coverage: 301186 earns more interest than it pays, so coverage of interest payments is not a concern.