Nanjing Inform Storage Equipment (Group) Balance Sheet Health
Financial Health criteria checks 5/6
Nanjing Inform Storage Equipment (Group) has a total shareholder equity of CN¥1.4B and total debt of CN¥225.5M, which brings its debt-to-equity ratio to 16%. Its total assets and total liabilities are CN¥3.1B and CN¥1.7B respectively. Nanjing Inform Storage Equipment (Group)'s EBIT is CN¥190.6M making its interest coverage ratio 74.5. It has cash and short-term investments of CN¥327.8M.
Key information
16.0%
Debt to equity ratio
CN¥225.53m
Debt
Interest coverage ratio | 74.5x |
Cash | CN¥327.79m |
Equity | CN¥1.41b |
Total liabilities | CN¥1.70b |
Total assets | CN¥3.12b |
Financial Position Analysis
Short Term Liabilities: 603066's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 603066's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥189.3M).
Debt to Equity History and Analysis
Debt Level: 603066 has more cash than its total debt.
Reducing Debt: 603066's debt to equity ratio has increased from 0% to 16% over the past 5 years.
Debt Coverage: 603066's debt is well covered by operating cash flow (21.5%).
Interest Coverage: 603066's interest payments on its debt are well covered by EBIT (74.5x coverage).