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
Ningbo Orient Wires & Cables Co.,Ltd. (SHSE:603606) Screens Well But There Might Be A Catch
Dec 17We 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 12:44 |
| End of Day Share Price | 2024/12/27 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ningbo Orient Wires & Cables Co.,Ltd. is covered by 26 analysts. 15 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 |
|---|---|
| Weizhi Yuan | Chasing Securities |
| Ran Zhou | China Galaxy Securities Co., Ltd. |
| Lin Huang | China Galaxy Securities Co., Ltd. |