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¥6.5B and CN¥2.5B respectively. Nanjing Kangni Mechanical & ElectricalLtd's EBIT is CN¥412.7M making its interest coverage ratio -12. It has cash and short-term investments of CN¥1.6B.
Key information
4.1%
Debt to equity ratio
CN¥163.07m
Debt
| Interest coverage ratio | -12x |
| Cash | CN¥1.65b |
| Equity | CN¥3.98b |
| Total liabilities | CN¥2.47b |
| Total assets | CN¥6.45b |
Recent financial health updates
Recent updates
Returns At Nanjing Kangni Mechanical & ElectricalLtd (SHSE:603111) Are On The Way Up
Aug 02
Nanjing Kangni Mechanical & Electrical Co.,Ltd (SHSE:603111) Held Back By Insufficient Growth Even After Shares Climb 25%
Mar 04These 4 Measures Indicate That Nanjing Kangni Mechanical & ElectricalLtd (SHSE:603111) Is Using Debt Safely
Feb 29Financial Position Analysis
Short Term Liabilities: 603111's short term assets (CN¥5.8B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 603111's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥187.0M).
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 21.1% to 4.1% over the past 5 years.
Debt Coverage: 603111's debt is well covered by operating cash flow (147.5%).
Interest Coverage: 603111 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 22:22 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Nanjing Kangni Mechanical & Electrical Co.,Ltd is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Shaohui Yang | BOCI Research Ltd. |
| Lingxin Kong | China International Capital Corporation Limited |
| Rui Wang | Everbright Securities Co. Ltd. |