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¥126.9M, which brings its debt-to-equity ratio to 11.2%. Its total assets and total liabilities are CN¥1.6B and CN¥482.1M respectively. Ningbo ZhongDa Leader Intelligent Transmission's EBIT is CN¥61.9M making its interest coverage ratio 16.8. It has cash and short-term investments of CN¥116.2M.
Key information
11.2%
Debt to equity ratio
CN¥126.95m
Debt
Interest coverage ratio | 16.8x |
Cash | CN¥116.24m |
Equity | CN¥1.13b |
Total liabilities | CN¥482.07m |
Total assets | CN¥1.61b |
Recent financial health updates
Is Ningbo ZhongDa Leader Intelligent Transmission (SZSE:002896) A Risky Investment?
Aug 01These 4 Measures Indicate That Ningbo ZhongDa Leader Intelligent Transmission (SZSE:002896) Is Using Debt Reasonably Well
Mar 21Recent updates
Is Ningbo ZhongDa Leader Intelligent Transmission (SZSE:002896) A Risky Investment?
Aug 01These 4 Measures Indicate That Ningbo ZhongDa Leader Intelligent Transmission (SZSE:002896) Is Using Debt Reasonably Well
Mar 21Ningbo ZhongDa Leader Intelligent Transmission Co., Ltd.'s (SZSE:002896) 26% Share Price Surge Not Quite Adding Up
Mar 04Financial Position Analysis
Short Term Liabilities: 002896's short term assets (CN¥665.0M) exceed its short term liabilities (CN¥376.7M).
Long Term Liabilities: 002896's short term assets (CN¥665.0M) exceed its long term liabilities (CN¥105.4M).
Debt to Equity History and Analysis
Debt Level: 002896's net debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: 002896's debt to equity ratio has reduced from 24.6% to 11.2% over the past 5 years.
Debt Coverage: 002896's debt is well covered by operating cash flow (169.6%).
Interest Coverage: 002896's interest payments on its debt are well covered by EBIT (16.8x coverage).