Ningbo CixingLtd Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo CixingLtd has a total shareholder equity of CN¥3.2B and total debt of CN¥381.7M, which brings its debt-to-equity ratio to 12.1%. Its total assets and total liabilities are CN¥5.1B and CN¥1.9B respectively. Ningbo CixingLtd's EBIT is CN¥94.1M making its interest coverage ratio -0.4. It has cash and short-term investments of CN¥445.0M.
Key information
12.1%
Debt to equity ratio
CN¥381.69m
Debt
Interest coverage ratio | -0.4x |
Cash | CN¥445.02m |
Equity | CN¥3.16b |
Total liabilities | CN¥1.90b |
Total assets | CN¥5.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300307's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 300307's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥39.1M).
Debt to Equity History and Analysis
Debt Level: 300307 has more cash than its total debt.
Reducing Debt: 300307's debt to equity ratio has reduced from 12.6% to 12.1% over the past 5 years.
Debt Coverage: 300307's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: 300307 earns more interest than it pays, so coverage of interest payments is not a concern.