Nanjing Quanxin Cable Technology Balance Sheet Health
Financial Health criteria checks 6/6
Nanjing Quanxin Cable Technology has a total shareholder equity of CN¥2.0B and total debt of CN¥51.2M, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are CN¥2.7B and CN¥653.5M respectively. Nanjing Quanxin Cable Technology's EBIT is CN¥129.5M making its interest coverage ratio 1132.1. It has cash and short-term investments of CN¥132.6M.
Key information
2.5%
Debt to equity ratio
CN¥51.15m
Debt
| Interest coverage ratio | 1132.1x |
| Cash | CN¥132.61m |
| Equity | CN¥2.02b |
| Total liabilities | CN¥653.47m |
| Total assets | CN¥2.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300447's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥633.5M).
Long Term Liabilities: 300447's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥20.0M).
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 8.1% to 2.5% over the past 5 years.
Debt Coverage: 300447's debt is well covered by operating cash flow (164.6%).
Interest Coverage: 300447's interest payments on its debt are well covered by EBIT (1132.1x coverage).