Ningbo KBE Electrical TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Ningbo KBE Electrical TechnologyLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 118.4%. Its total assets and total liabilities are CN¥3.1B and CN¥1.8B respectively. Ningbo KBE Electrical TechnologyLtd's EBIT is CN¥239.7M making its interest coverage ratio 6. It has cash and short-term investments of CN¥578.7M.
Key information
118.4%
Debt to equity ratio
CN¥1.55b
Debt
Interest coverage ratio | 6x |
Cash | CN¥578.70m |
Equity | CN¥1.31b |
Total liabilities | CN¥1.77b |
Total assets | CN¥3.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300863's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 300863's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥525.1M).
Debt to Equity History and Analysis
Debt Level: 300863's net debt to equity ratio (74.1%) is considered high.
Reducing Debt: 300863's debt to equity ratio has increased from 83.3% to 118.4% over the past 5 years.
Debt Coverage: 300863's debt is not well covered by operating cash flow (6%).
Interest Coverage: 300863's interest payments on its debt are well covered by EBIT (6x coverage).