NORINCO International Cooperation Balance Sheet Health
Financial Health criteria checks 4/6
NORINCO International Cooperation has a total shareholder equity of CN¥9.5B and total debt of CN¥5.6B, which brings its debt-to-equity ratio to 58.6%. Its total assets and total liabilities are CN¥24.3B and CN¥14.7B respectively. NORINCO International Cooperation's EBIT is CN¥972.5M making its interest coverage ratio 20. It has cash and short-term investments of CN¥4.0B.
Key information
58.6%
Debt to equity ratio
CN¥5.59b
Debt
| Interest coverage ratio | 20x |
| Cash | CN¥4.03b |
| Equity | CN¥9.55b |
| Total liabilities | CN¥14.71b |
| Total assets | CN¥24.26b |
Recent financial health updates
Recent updates
We Think NORINCO International Cooperation (SZSE:000065) Can Stay On Top Of Its Debt
Apr 26
NORINCO International Cooperation's (SZSE:000065) Solid Earnings May Rest On Weak Foundations
Apr 08Broker Revenue Forecasts For NORINCO International Cooperation Ltd. (SZSE:000065) Are Surging Higher
Apr 07NORINCO International Cooperation (SZSE:000065) May Have Issues Allocating Its Capital
Mar 06Financial Position Analysis
Short Term Liabilities: 000065's short term assets (CN¥14.6B) exceed its short term liabilities (CN¥9.8B).
Long Term Liabilities: 000065's short term assets (CN¥14.6B) exceed its long term liabilities (CN¥4.9B).
Debt to Equity History and Analysis
Debt Level: 000065's net debt to equity ratio (16.3%) is considered satisfactory.
Reducing Debt: 000065's debt to equity ratio has increased from 25.7% to 58.6% over the past 5 years.
Debt Coverage: 000065's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: 000065's interest payments on its debt are well covered by EBIT (20x coverage).