Ningbo United GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo United GroupLtd has a total shareholder equity of CN¥3.6B and total debt of CN¥437.0M, which brings its debt-to-equity ratio to 12%. Its total assets and total liabilities are CN¥5.3B and CN¥1.6B respectively. Ningbo United GroupLtd's EBIT is CN¥99.6M making its interest coverage ratio 6. It has cash and short-term investments of CN¥1.1B.
Key information
12.0%
Debt to equity ratio
CN¥436.97m
Debt
| Interest coverage ratio | 6x |
| Cash | CN¥1.05b |
| Equity | CN¥3.65b |
| Total liabilities | CN¥1.63b |
| Total assets | CN¥5.28b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600051's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 600051's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥87.3M).
Debt to Equity History and Analysis
Debt Level: 600051 has more cash than its total debt.
Reducing Debt: 600051's debt to equity ratio has reduced from 15.5% to 12% over the past 5 years.
Debt Coverage: 600051's debt is well covered by operating cash flow (26.6%).
Interest Coverage: 600051's interest payments on its debt are well covered by EBIT (6x coverage).