Ningbo DonlyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo DonlyLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥310.2M, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are CN¥2.3B and CN¥926.3M respectively. Ningbo DonlyLtd's EBIT is CN¥28.5M making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥79.3M.
Key information
23.2%
Debt to equity ratio
CN¥310.19m
Debt
Interest coverage ratio | 2.5x |
Cash | CN¥79.26m |
Equity | CN¥1.34b |
Total liabilities | CN¥926.32m |
Total assets | CN¥2.26b |
Financial Position Analysis
Short Term Liabilities: 002164's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥889.5M).
Long Term Liabilities: 002164's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥36.8M).
Debt to Equity History and Analysis
Debt Level: 002164's net debt to equity ratio (17.3%) is considered satisfactory.
Reducing Debt: 002164's debt to equity ratio has reduced from 46.3% to 23.2% over the past 5 years.
Debt Coverage: 002164's debt is well covered by operating cash flow (33%).
Interest Coverage: 002164's interest payments on its debt are not well covered by EBIT (2.5x coverage).