Ningbo Orient Wires & CablesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo Orient Wires & CablesLtd has a total shareholder equity of CN¥6.9B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are CN¥11.9B and CN¥4.9B respectively. Ningbo Orient Wires & CablesLtd's EBIT is CN¥1.1B making its interest coverage ratio -36. It has cash and short-term investments of CN¥2.2B.
Key information
16.2%
Debt to equity ratio
CN¥1.12b
Debt
| Interest coverage ratio | -36x |
| Cash | CN¥2.23b |
| Equity | CN¥6.91b |
| Total liabilities | CN¥4.95b |
| Total assets | CN¥11.86b |
Recent financial health updates
We Think Ningbo Orient Wires & CablesLtd (SHSE:603606) Can Stay On Top Of Its Debt
Nov 11
Ningbo Orient Wires & CablesLtd (SHSE:603606) Has A Pretty Healthy Balance Sheet
Jul 13Recent updates
We Think Ningbo Orient Wires & CablesLtd (SHSE:603606) Can Stay On Top Of Its Debt
Nov 11Be Wary Of Ningbo Orient Wires & CablesLtd (SHSE:603606) And Its Returns On Capital
Sep 03Ningbo Orient Wires & CablesLtd (SHSE:603606) Has A Pretty Healthy Balance Sheet
Jul 13Ningbo Orient Wires & CablesLtd's (SHSE:603606) Earnings Are Weaker Than They Seem
May 03Time To Worry? Analysts Are Downgrading Their Ningbo Orient Wires & Cables Co.,Ltd. (SHSE:603606) Outlook
Mar 25Estimating The Intrinsic Value Of Ningbo Orient Wires & Cables Co.,Ltd. (SHSE:603606)
Mar 15Not Many Are Piling Into Ningbo Orient Wires & Cables Co.,Ltd. (SHSE:603606) Just Yet
Feb 29Financial Position Analysis
Short Term Liabilities: 603606's short term assets (CN¥8.9B) exceed its short term liabilities (CN¥4.2B).
Long Term Liabilities: 603606's short term assets (CN¥8.9B) exceed its long term liabilities (CN¥730.7M).
Debt to Equity History and Analysis
Debt Level: 603606 has more cash than its total debt.
Reducing Debt: 603606's debt to equity ratio has reduced from 34.9% to 16.2% over the past 5 years.
Debt Coverage: 603606's debt is well covered by operating cash flow (125.3%).
Interest Coverage: 603606 earns more interest than it pays, so coverage of interest payments is not a concern.