Ningbo Construction Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Construction has a total shareholder equity of CN¥5.4B and total debt of CN¥5.9B, which brings its debt-to-equity ratio to 109.8%. Its total assets and total liabilities are CN¥30.2B and CN¥24.8B respectively. Ningbo Construction's EBIT is CN¥588.6M making its interest coverage ratio 3.9. It has cash and short-term investments of CN¥4.4B.
Key information
109.8%
Debt to equity ratio
CN¥5.89b
Debt
| Interest coverage ratio | 3.9x |
| Cash | CN¥4.37b |
| Equity | CN¥5.37b |
| Total liabilities | CN¥24.83b |
| Total assets | CN¥30.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601789's short term assets (CN¥22.5B) exceed its short term liabilities (CN¥21.8B).
Long Term Liabilities: 601789's short term assets (CN¥22.5B) exceed its long term liabilities (CN¥3.0B).
Debt to Equity History and Analysis
Debt Level: 601789's net debt to equity ratio (28.3%) is considered satisfactory.
Reducing Debt: 601789's debt to equity ratio has reduced from 137.8% to 109.8% over the past 5 years.
Debt Coverage: 601789's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 601789's interest payments on its debt are well covered by EBIT (3.9x coverage).