Ningbo Orient Wires & CablesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo Orient Wires & CablesLtd has a total shareholder equity of CN¥6.3B and total debt of CN¥813.7M, which brings its debt-to-equity ratio to 12.9%. Its total assets and total liabilities are CN¥10.6B and CN¥4.3B respectively. Ningbo Orient Wires & CablesLtd's EBIT is CN¥1.1B making its interest coverage ratio -546.4. It has cash and short-term investments of CN¥2.2B.
Key information
12.9%
Debt to equity ratio
CN¥813.67m
Debt
| Interest coverage ratio | -546.4x |
| Cash | CN¥2.23b |
| Equity | CN¥6.29b |
| Total liabilities | CN¥4.35b |
| Total assets | CN¥10.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603606's short term assets (CN¥7.9B) exceed its short term liabilities (CN¥3.8B).
Long Term Liabilities: 603606's short term assets (CN¥7.9B) exceed its long term liabilities (CN¥548.5M).
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 57.6% to 12.9% over the past 5 years.
Debt Coverage: 603606's debt is well covered by operating cash flow (146.3%).
Interest Coverage: 603606 earns more interest than it pays, so coverage of interest payments is not a concern.