NORINCO International Cooperation Balance Sheet Health
Financial Health criteria checks 4/6
NORINCO International Cooperation has a total shareholder equity of CN¥9.9B and total debt of CN¥6.2B, which brings its debt-to-equity ratio to 62.8%. Its total assets and total liabilities are CN¥24.0B and CN¥14.2B respectively. NORINCO International Cooperation's EBIT is CN¥1.3B making its interest coverage ratio 22.3. It has cash and short-term investments of CN¥3.4B.
Key information
62.8%
Debt to equity ratio
CN¥6.19b
Debt
| Interest coverage ratio | 22.3x |
| Cash | CN¥3.45b |
| Equity | CN¥9.86b |
| Total liabilities | CN¥14.18b |
| Total assets | CN¥24.05b |
Recent financial health updates
Is NORINCO International Cooperation (SZSE:000065) A Risky Investment?
Jul 31
We Think NORINCO International Cooperation (SZSE:000065) Can Stay On Top Of Its Debt
Apr 26Recent updates
Is NORINCO International Cooperation (SZSE:000065) A Risky Investment?
Jul 31Is Now The Time To Look At Buying NORINCO International Cooperation Ltd. (SZSE:000065)?
May 27NORINCO International Cooperation Ltd.'s (SZSE:000065) Price Is Right But Growth Is Lacking
May 12We Think NORINCO International Cooperation (SZSE:000065) Can Stay On Top Of Its Debt
Apr 26NORINCO 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¥14.0B) exceed its short term liabilities (CN¥8.9B).
Long Term Liabilities: 000065's short term assets (CN¥14.0B) exceed its long term liabilities (CN¥5.3B).
Debt to Equity History and Analysis
Debt Level: 000065's net debt to equity ratio (27.9%) is considered satisfactory.
Reducing Debt: 000065's debt to equity ratio has increased from 25.2% to 62.8% over the past 5 years.
Debt Coverage: 000065's debt is not well covered by operating cash flow (8%).
Interest Coverage: 000065's interest payments on its debt are well covered by EBIT (22.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 08:29 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
NORINCO International Cooperation Ltd. is covered by 10 analysts. 3 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 |
|---|---|
| Chao Fan | Changjiang Securities Co. LTD. |
| Liang Long | Chasing Securities |
| Tian Guang Long | China Galaxy Securities Co., Ltd. |