Nanjing Baose Balance Sheet Health
Financial Health criteria checks 5/6
Nanjing Baose has a total shareholder equity of CN¥1.4B and total debt of CN¥336.1M, which brings its debt-to-equity ratio to 23.4%. Its total assets and total liabilities are CN¥2.6B and CN¥1.1B respectively. Nanjing Baose's EBIT is CN¥68.5M making its interest coverage ratio 6.7. It has cash and short-term investments of CN¥679.7M.
Key information
23.4%
Debt to equity ratio
CN¥336.11m
Debt
Interest coverage ratio | 6.7x |
Cash | CN¥679.70m |
Equity | CN¥1.44b |
Total liabilities | CN¥1.13b |
Total assets | CN¥2.56b |
Financial Position Analysis
Short Term Liabilities: 300402's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥997.8M).
Long Term Liabilities: 300402's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥128.2M).
Debt to Equity History and Analysis
Debt Level: 300402 has more cash than its total debt.
Reducing Debt: 300402's debt to equity ratio has reduced from 50.6% to 23.4% over the past 5 years.
Debt Coverage: 300402's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300402's interest payments on its debt are well covered by EBIT (6.7x coverage).