Ningbo United GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo United GroupLtd has a total shareholder equity of CN¥3.7B and total debt of CN¥440.8M, 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¥141.9M making its interest coverage ratio -17.3. It has cash and short-term investments of CN¥929.1M.
Key information
12.0%
Debt to equity ratio
CN¥440.80m
Debt
| Interest coverage ratio | -17.3x |
| Cash | CN¥929.10m |
| Equity | CN¥3.66b |
| Total liabilities | CN¥1.59b |
| Total assets | CN¥5.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600051's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 600051's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥359.2M).
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 46.1% to 12% over the past 5 years.
Debt Coverage: 600051's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: 600051 earns more interest than it pays, so coverage of interest payments is not a concern.