Ningbo DonlyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo DonlyLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥235.4M, which brings its debt-to-equity ratio to 17.4%. Its total assets and total liabilities are CN¥2.2B and CN¥876.9M respectively. Ningbo DonlyLtd's EBIT is CN¥26.9M making its interest coverage ratio 2.9. It has cash and short-term investments of CN¥58.5M.
Key information
17.4%
Debt to equity ratio
CN¥235.38m
Debt
| Interest coverage ratio | 2.9x |
| Cash | CN¥58.49m |
| Equity | CN¥1.35b |
| Total liabilities | CN¥876.87m |
| Total assets | CN¥2.23b |
Financial Position Analysis
Short Term Liabilities: 002164's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥848.5M).
Long Term Liabilities: 002164's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥28.4M).
Debt to Equity History and Analysis
Debt Level: 002164's net debt to equity ratio (13.1%) is considered satisfactory.
Reducing Debt: 002164's debt to equity ratio has reduced from 45.1% to 17.4% over the past 5 years.
Debt Coverage: 002164's debt is well covered by operating cash flow (48%).
Interest Coverage: 002164's interest payments on its debt are not well covered by EBIT (2.9x coverage).