Nanjing Kangni Mechanical & ElectricalLtd Balance Sheet Health
Financial Health criteria checks 6/6
Nanjing Kangni Mechanical & ElectricalLtd has a total shareholder equity of CN¥4.0B and total debt of CN¥163.1M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are CN¥6.1B and CN¥2.1B respectively. Nanjing Kangni Mechanical & ElectricalLtd's EBIT is CN¥386.0M making its interest coverage ratio -10.9. It has cash and short-term investments of CN¥1.8B.
Key information
4.1%
Debt to equity ratio
CN¥163.10m
Debt
Interest coverage ratio | -10.9x |
Cash | CN¥1.77b |
Equity | CN¥3.97b |
Total liabilities | CN¥2.12b |
Total assets | CN¥6.09b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603111's short term assets (CN¥5.5B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 603111's short term assets (CN¥5.5B) exceed its long term liabilities (CN¥191.5M).
Debt to Equity History and Analysis
Debt Level: 603111 has more cash than its total debt.
Reducing Debt: 603111's debt to equity ratio has reduced from 21.9% to 4.1% over the past 5 years.
Debt Coverage: 603111's debt is well covered by operating cash flow (107.9%).
Interest Coverage: 603111 earns more interest than it pays, so coverage of interest payments is not a concern.