Ningbo Construction Balance Sheet Health
Financial Health criteria checks 3/6
Ningbo Construction has a total shareholder equity of CN¥5.3B and total debt of CN¥6.4B, which brings its debt-to-equity ratio to 120.4%. Its total assets and total liabilities are CN¥29.8B and CN¥24.5B respectively. Ningbo Construction's EBIT is CN¥486.0M making its interest coverage ratio 2.9. It has cash and short-term investments of CN¥5.6B.
Key information
120.4%
Debt to equity ratio
CN¥6.39b
Debt
| Interest coverage ratio | 2.9x |
| Cash | CN¥5.62b |
| Equity | CN¥5.30b |
| Total liabilities | CN¥24.54b |
| Total assets | CN¥29.84b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601789's short term assets (CN¥22.3B) do not cover its short term liabilities (CN¥22.3B).
Long Term Liabilities: 601789's short term assets (CN¥22.3B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 601789's net debt to equity ratio (14.5%) is considered satisfactory.
Reducing Debt: 601789's debt to equity ratio has reduced from 156.9% to 120.4% over the past 5 years.
Debt Coverage: 601789's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 601789's interest payments on its debt are not well covered by EBIT (2.9x coverage).