Ningbo BaoSi Energy Equipment Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo BaoSi Energy Equipment has a total shareholder equity of CN¥2.4B and total debt of CN¥718.8M, which brings its debt-to-equity ratio to 29.9%. Its total assets and total liabilities are CN¥4.0B and CN¥1.6B respectively. Ningbo BaoSi Energy Equipment's EBIT is CN¥416.3M making its interest coverage ratio 27.5. It has cash and short-term investments of CN¥378.0M.
Key information
29.9%
Debt to equity ratio
CN¥718.76m
Debt
| Interest coverage ratio | 27.5x |
| Cash | CN¥378.02m |
| Equity | CN¥2.40b |
| Total liabilities | CN¥1.56b |
| Total assets | CN¥3.96b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 300441's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 300441's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥219.4M).
Debt to Equity History and Analysis
Debt Level: 300441's net debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: 300441's debt to equity ratio has reduced from 35.4% to 29.9% over the past 5 years.
Debt Coverage: 300441's debt is well covered by operating cash flow (42.9%).
Interest Coverage: 300441's interest payments on its debt are well covered by EBIT (27.5x coverage).