Ningbo Lehui International Engineering EquipmentLtd Balance Sheet Health
Financial Health criteria checks 3/6
Ningbo Lehui International Engineering EquipmentLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥887.1M, which brings its debt-to-equity ratio to 65.9%. Its total assets and total liabilities are CN¥3.6B and CN¥2.3B respectively. Ningbo Lehui International Engineering EquipmentLtd's EBIT is CN¥27.3M making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥426.9M.
Key information
65.9%
Debt to equity ratio
CN¥887.13m
Debt
| Interest coverage ratio | 1.4x |
| Cash | CN¥426.93m |
| Equity | CN¥1.35b |
| Total liabilities | CN¥2.27b |
| Total assets | CN¥3.62b |
Recent financial health updates
No updates
Recent updates
Shareholders Can Be Confident That Ningbo Lehui International Engineering EquipmentLtd's (SHSE:603076) Earnings Are High Quality
May 03
Ningbo Lehui International Engineering EquipmentLtd (SHSE:603076) Will Want To Turn Around Its Return Trends
Apr 17There's No Escaping Ningbo Lehui International Engineering Equipment Co.,Ltd's (SHSE:603076) Muted Revenues Despite A 31% Share Price Rise
Mar 06Financial Position Analysis
Short Term Liabilities: 603076's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 603076's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥171.5M).
Debt to Equity History and Analysis
Debt Level: 603076's net debt to equity ratio (34.2%) is considered satisfactory.
Reducing Debt: 603076's debt to equity ratio has increased from 51.9% to 65.9% over the past 5 years.
Debt Coverage: 603076's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603076's interest payments on its debt are not well covered by EBIT (1.4x coverage).