Noblelift Intelligent EquipmentLtd Balance Sheet Health
Financial Health criteria checks 4/6
Noblelift Intelligent EquipmentLtd has a total shareholder equity of CN¥2.9B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 55.9%. Its total assets and total liabilities are CN¥9.1B and CN¥6.2B respectively. Noblelift Intelligent EquipmentLtd's EBIT is CN¥554.1M making its interest coverage ratio 355.8. It has cash and short-term investments of CN¥1.2B.
Key information
55.9%
Debt to equity ratio
CN¥1.61b
Debt
| Interest coverage ratio | 355.8x |
| Cash | CN¥1.23b |
| Equity | CN¥2.88b |
| Total liabilities | CN¥6.20b |
| Total assets | CN¥9.09b |
Recent financial health updates
Recent updates
Noblelift Intelligent EquipmentLtd's (SHSE:603611) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Nov 06
Earnings Working Against Noblelift Intelligent Equipment Co.,Ltd.'s (SHSE:603611) Share Price
Sep 30We Like These Underlying Return On Capital Trends At Noblelift Intelligent EquipmentLtd (SHSE:603611)
Jun 26Noblelift Intelligent EquipmentLtd (SHSE:603611) Has A Pretty Healthy Balance Sheet
May 28Noblelift Intelligent EquipmentLtd's (SHSE:603611) Solid Profits Have Weak Fundamentals
Apr 24Are 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¥6.9B) exceed its short term liabilities (CN¥5.6B).
Long Term Liabilities: 603611's short term assets (CN¥6.9B) exceed its long term liabilities (CN¥652.6M).
Debt to Equity History and Analysis
Debt Level: 603611's net debt to equity ratio (13.4%) is considered satisfactory.
Reducing Debt: 603611's debt to equity ratio has increased from 33.1% to 55.9% over the past 5 years.
Debt Coverage: 603611's debt is not well covered by operating cash flow (5.9%).
Interest Coverage: 603611's interest payments on its debt are well covered by EBIT (355.8x coverage).