Ningbo ZhongDa Leader Intelligent Transmission Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo ZhongDa Leader Intelligent Transmission has a total shareholder equity of CN¥1.1B and total debt of CN¥140.3M, which brings its debt-to-equity ratio to 12.8%. Its total assets and total liabilities are CN¥1.6B and CN¥460.6M respectively. Ningbo ZhongDa Leader Intelligent Transmission's EBIT is CN¥60.6M making its interest coverage ratio 64.6. It has cash and short-term investments of CN¥95.9M.
Key information
12.8%
Debt to equity ratio
CN¥140.29m
Debt
Interest coverage ratio | 64.6x |
Cash | CN¥95.90m |
Equity | CN¥1.10b |
Total liabilities | CN¥460.63m |
Total assets | CN¥1.56b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002896's short term assets (CN¥755.9M) exceed its short term liabilities (CN¥376.2M).
Long Term Liabilities: 002896's short term assets (CN¥755.9M) exceed its long term liabilities (CN¥84.4M).
Debt to Equity History and Analysis
Debt Level: 002896's net debt to equity ratio (4%) is considered satisfactory.
Reducing Debt: 002896's debt to equity ratio has reduced from 24.9% to 12.8% over the past 5 years.
Debt Coverage: 002896's debt is well covered by operating cash flow (78.8%).
Interest Coverage: 002896's interest payments on its debt are well covered by EBIT (64.6x coverage).