Ningbo CixingLtd Balance Sheet Health
Financial Health criteria checks 4/6
Ningbo CixingLtd has a total shareholder equity of CN¥3.2B and total debt of CN¥249.9M, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are CN¥5.0B and CN¥1.8B respectively. Ningbo CixingLtd's EBIT is CN¥163.5M making its interest coverage ratio -0.8. It has cash and short-term investments of CN¥268.1M.
Key information
7.8%
Debt to equity ratio
CN¥249.95m
Debt
| Interest coverage ratio | -0.8x |
| Cash | CN¥268.08m |
| Equity | CN¥3.21b |
| Total liabilities | CN¥1.81b |
| Total assets | CN¥5.03b |
Recent financial health updates
Recent updates
Should You Be Adding Ningbo CixingLtd (SZSE:300307) To Your Watchlist Today?
Oct 24
Ningbo Cixing Co.,Ltd. (SZSE:300307) Shares Fly 51% But Investors Aren't Buying For Growth
Oct 08We Think Ningbo CixingLtd (SZSE:300307) Can Stay On Top Of Its Debt
Oct 01Ningbo Cixing Co.,Ltd. (SZSE:300307) Held Back By Insufficient Growth Even After Shares Climb 26%
May 13Impressive Earnings May Not Tell The Whole Story For Ningbo CixingLtd (SZSE:300307)
Apr 25Ningbo Cixing Co.,Ltd.'s (SZSE:300307) Shareholders Might Be Looking For Exit
Feb 27Financial Position Analysis
Short Term Liabilities: 300307's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 300307's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥50.3M).
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 increased from 7.6% to 7.8% over the past 5 years.
Debt Coverage: 300307's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300307 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 12:48 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ningbo Cixing Co.,Ltd. is covered by 5 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jun Liu | Changjiang Securities Co. LTD. |
| Jin Ju Sun | Guotai Junan Securities |
| Ming Xuan Shi | Industrial Securities Co. Ltd. |