Ningbo Orient Wires & CablesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo Orient Wires & CablesLtd has a total shareholder equity of CN¥7.3B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are CN¥12.3B and CN¥5.0B respectively. Ningbo Orient Wires & CablesLtd's EBIT is CN¥1.1B making its interest coverage ratio -48.7. It has cash and short-term investments of CN¥2.1B.
Key information
15.05%
Debt to equity ratio
CN¥1.10b
Debt
| Interest coverage ratio | -48.7x |
| Cash | CN¥2.15b |
| Equity | CN¥7.29b |
| Total liabilities | CN¥5.03b |
| Total assets | CN¥12.33b |
Recent financial health updates
Is Ningbo Orient Wires & CablesLtd (SHSE:603606) Using Too Much Debt?
Feb 10
We Think Ningbo Orient Wires & CablesLtd (SHSE:603606) Can Stay On Top Of Its Debt
Nov 11Ningbo Orient Wires & CablesLtd (SHSE:603606) Has A Pretty Healthy Balance Sheet
Jul 13Recent updates
Investors Could Be Concerned With Ningbo Orient Wires & CablesLtd's (SHSE:603606) Returns On Capital
Mar 14Is Ningbo Orient Wires & CablesLtd (SHSE:603606) Using Too Much Debt?
Feb 10Ningbo Orient Wires & Cables Co.,Ltd. (SHSE:603606) Shares Could Be 31% Below Their Intrinsic Value Estimate
Jan 02Ningbo 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 13Financial Position Analysis
Short Term Liabilities: 603606's short term assets (CN¥8.7B) exceed its short term liabilities (CN¥4.3B).
Long Term Liabilities: 603606's short term assets (CN¥8.7B) exceed its long term liabilities (CN¥719.9M).
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 29.4% to 15% over the past 5 years.
Debt Coverage: 603606's debt is well covered by operating cash flow (61.8%).
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 | 2025/05/13 06:30 |
| End of Day Share Price | 2025/05/13 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
| |
| 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.
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 Github.
Analyst Sources
Ningbo Orient Wires & Cables Co.,Ltd. is covered by 27 analysts. 17 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 |
|---|---|
| Gary Tsang | BofA Global Research |
| Weizhi Yuan | Chasing Securities |
| Lin Huang | China Galaxy Securities Co., Ltd. |