Nanjing Toua Hardware and Tools Balance Sheet Health
Financial Health criteria checks 5/6
Nanjing Toua Hardware and Tools has a total shareholder equity of CN¥650.8M and total debt of CN¥252.3M, which brings its debt-to-equity ratio to 38.8%. Its total assets and total liabilities are CN¥1.1B and CN¥406.4M respectively. Nanjing Toua Hardware and Tools's EBIT is CN¥5.6M making its interest coverage ratio -1.6. It has cash and short-term investments of CN¥34.9M.
Key information
38.8%
Debt to equity ratio
CN¥252.28m
Debt
| Interest coverage ratio | -1.6x |
| Cash | CN¥34.93m |
| Equity | CN¥650.85m |
| Total liabilities | CN¥406.39m |
| Total assets | CN¥1.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301125's short term assets (CN¥300.8M) exceed its short term liabilities (CN¥266.1M).
Long Term Liabilities: 301125's short term assets (CN¥300.8M) exceed its long term liabilities (CN¥140.3M).
Debt to Equity History and Analysis
Debt Level: 301125's net debt to equity ratio (33.4%) is considered satisfactory.
Reducing Debt: 301125's debt to equity ratio has reduced from 44% to 38.8% over the past 5 years.
Debt Coverage: 301125's debt is not well covered by operating cash flow (0.8%).
Interest Coverage: 301125 earns more interest than it pays, so coverage of interest payments is not a concern.