Nanjing Quanxin Cable Technology Balance Sheet Health
Financial Health criteria checks 6/6
Nanjing Quanxin Cable Technology has a total shareholder equity of CN¥2.1B and total debt of CN¥48.9M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are CN¥2.7B and CN¥694.1M respectively. Nanjing Quanxin Cable Technology's EBIT is CN¥108.8M making its interest coverage ratio -12968.3. It has cash and short-term investments of CN¥216.4M.
Key information
2.4%
Debt to equity ratio
CN¥48.90m
Debt
Interest coverage ratio | -12968.3x |
Cash | CN¥216.42m |
Equity | CN¥2.05b |
Total liabilities | CN¥694.09m |
Total assets | CN¥2.75b |
Recent financial health updates
No updates
Recent updates
Earnings Not Telling The Story For Nanjing Quanxin Cable Technology Co., Ltd. (SZSE:300447) After Shares Rise 26%
May 12Nanjing Quanxin Cable Technology's (SZSE:300447) Anemic Earnings Might Be Worse Than You Think
May 02Improved Earnings Required Before Nanjing Quanxin Cable Technology Co., Ltd. (SZSE:300447) Stock's 39% Jump Looks Justified
Mar 07Financial Position Analysis
Short Term Liabilities: 300447's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥680.0M).
Long Term Liabilities: 300447's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥14.1M).
Debt to Equity History and Analysis
Debt Level: 300447 has more cash than its total debt.
Reducing Debt: 300447's debt to equity ratio has reduced from 4.3% to 2.4% over the past 5 years.
Debt Coverage: 300447's debt is well covered by operating cash flow (180.4%).
Interest Coverage: 300447 earns more interest than it pays, so coverage of interest payments is not a concern.