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¥49.4M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are CN¥2.7B and CN¥691.1M respectively. Nanjing Quanxin Cable Technology's EBIT is CN¥82.8M making its interest coverage ratio -624.9. It has cash and short-term investments of CN¥190.0M.
Key information
2.4%
Debt to equity ratio
CN¥49.41m
Debt
| Interest coverage ratio | -624.9x |
| Cash | CN¥190.00m |
| Equity | CN¥2.04b |
| Total liabilities | CN¥691.15m |
| Total assets | CN¥2.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300447's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥678.0M).
Long Term Liabilities: 300447's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥13.1M).
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 7.5% to 2.4% over the past 5 years.
Debt Coverage: 300447's debt is well covered by operating cash flow (63.6%).
Interest Coverage: 300447 earns more interest than it pays, so coverage of interest payments is not a concern.