Noblelift Intelligent EquipmentLtd Balance Sheet Health
Financial Health criteria checks 5/6
Noblelift Intelligent EquipmentLtd has a total shareholder equity of CN¥2.8B and total debt of CN¥974.6M, which brings its debt-to-equity ratio to 34.9%. Its total assets and total liabilities are CN¥9.1B and CN¥6.3B respectively. Noblelift Intelligent EquipmentLtd's EBIT is CN¥533.9M making its interest coverage ratio -158.5. It has cash and short-term investments of CN¥1.2B.
Key information
34.9%
Debt to equity ratio
CN¥974.65m
Debt
| Interest coverage ratio | -158.5x |
| Cash | CN¥1.24b |
| Equity | CN¥2.79b |
| Total liabilities | CN¥6.30b |
| Total assets | CN¥9.09b |
Recent financial health updates
No updates
Recent updates
Noblelift Intelligent EquipmentLtd's (SHSE:603611) Solid Profits Have Weak Fundamentals
Apr 24
Are Investors Undervaluing Noblelift Intelligent Equipment Co.,Ltd. (SHSE:603611) By 36%?
Apr 03Noblelift Intelligent Equipment Co.,Ltd.'s (SHSE:603611) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Mar 04Financial Position Analysis
Short Term Liabilities: 603611's short term assets (CN¥7.0B) exceed its short term liabilities (CN¥5.9B).
Long Term Liabilities: 603611's short term assets (CN¥7.0B) exceed its long term liabilities (CN¥373.8M).
Debt to Equity History and Analysis
Debt Level: 603611 has more cash than its total debt.
Reducing Debt: 603611's debt to equity ratio has increased from 4.7% to 34.9% over the past 5 years.
Debt Coverage: 603611's debt is well covered by operating cash flow (37%).
Interest Coverage: 603611 earns more interest than it pays, so coverage of interest payments is not a concern.