Nancal TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Nancal TechnologyLtd has a total shareholder equity of CN¥2.9B and total debt of CN¥135.2M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are CN¥3.8B and CN¥928.9M respectively. Nancal TechnologyLtd's EBIT is CN¥348.7M making its interest coverage ratio 928.4. It has cash and short-term investments of CN¥423.4M.
Key information
4.7%
Debt to equity ratio
CN¥135.16m
Debt
| Interest coverage ratio | 928.4x |
| Cash | CN¥423.44m |
| Equity | CN¥2.90b |
| Total liabilities | CN¥928.85m |
| Total assets | CN¥3.83b |
Recent financial health updates
Recent updates
News Flash: 5 Analysts Think Nancal Technology Co.,Ltd (SHSE:603859) Earnings Are Under Threat
Apr 25
Investors Give Nancal Technology Co.,Ltd (SHSE:603859) Shares A 25% Hiding
Apr 21Nancal Technology Co.,Ltd Just Missed EPS By 20%: Here's What Analysts Think Will Happen Next
Apr 19Here's Why Nancal TechnologyLtd (SHSE:603859) Can Manage Its Debt Responsibly
Mar 29Nancal Technology Co.,Ltd (SHSE:603859) Stock Catapults 28% Though Its Price And Business Still Lag The Market
Mar 04Financial Position Analysis
Short Term Liabilities: 603859's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥847.6M).
Long Term Liabilities: 603859's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥81.3M).
Debt to Equity History and Analysis
Debt Level: 603859 has more cash than its total debt.
Reducing Debt: 603859's debt to equity ratio has reduced from 7.7% to 4.7% over the past 5 years.
Debt Coverage: 603859's debt is well covered by operating cash flow (212.4%).
Interest Coverage: 603859's interest payments on its debt are well covered by EBIT (928.4x coverage).