Ningbo Sanxing Medical ElectricLtd Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Sanxing Medical ElectricLtd has a total shareholder equity of CN¥11.3B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 24%. Its total assets and total liabilities are CN¥21.3B and CN¥10.0B respectively. Ningbo Sanxing Medical ElectricLtd's EBIT is CN¥1.8B making its interest coverage ratio -5.9. It has cash and short-term investments of CN¥5.2B.
Key information
24.0%
Debt to equity ratio
CN¥2.72b
Debt
Interest coverage ratio | -5.9x |
Cash | CN¥5.24b |
Equity | CN¥11.32b |
Total liabilities | CN¥10.01b |
Total assets | CN¥21.33b |
Recent financial health updates
No updates
Recent updates
Investors Shouldn't Be Too Comfortable With Ningbo Sanxing Medical ElectricLtd's (SHSE:601567) Earnings
May 02Ningbo Sanxing Medical Electric Co.,Ltd.'s (SHSE:601567) Shares Climb 25% But Its Business Is Yet to Catch Up
Apr 17We Ran A Stock Scan For Earnings Growth And Ningbo Sanxing Medical ElectricLtd (SHSE:601567) Passed With Ease
Mar 26Ningbo Sanxing Medical Electric Co.,Ltd.'s (SHSE:601567) Shares Lagging The Market But So Is The Business
Feb 27Financial Position Analysis
Short Term Liabilities: 601567's short term assets (CN¥11.9B) exceed its short term liabilities (CN¥6.4B).
Long Term Liabilities: 601567's short term assets (CN¥11.9B) exceed its long term liabilities (CN¥3.6B).
Debt to Equity History and Analysis
Debt Level: 601567 has more cash than its total debt.
Reducing Debt: 601567's debt to equity ratio has increased from 19.5% to 24% over the past 5 years.
Debt Coverage: 601567's debt is well covered by operating cash flow (64.6%).
Interest Coverage: 601567 earns more interest than it pays, so coverage of interest payments is not a concern.