Ningbo Ligong Environment And Energy TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo Ligong Environment And Energy TechnologyLtd has a total shareholder equity of CN¥3.2B and total debt of CN¥5.6M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥3.5B and CN¥324.6M respectively. Ningbo Ligong Environment And Energy TechnologyLtd's EBIT is CN¥267.2M making its interest coverage ratio -8.6. It has cash and short-term investments of CN¥712.6M.
Key information
0.2%
Debt to equity ratio
CN¥5.60m
Debt
| Interest coverage ratio | -8.6x |
| Cash | CN¥712.62m |
| Equity | CN¥3.20b |
| Total liabilities | CN¥324.61m |
| Total assets | CN¥3.52b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002322's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥319.2M).
Long Term Liabilities: 002322's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥5.4M).
Debt to Equity History and Analysis
Debt Level: 002322 has more cash than its total debt.
Reducing Debt: 002322's debt to equity ratio has reduced from 11.7% to 0.2% over the past 5 years.
Debt Coverage: 002322's debt is well covered by operating cash flow (6530.8%).
Interest Coverage: 002322 earns more interest than it pays, so coverage of interest payments is not a concern.