Ningbo Construction Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Construction has a total shareholder equity of CN¥5.3B and total debt of CN¥5.8B, which brings its debt-to-equity ratio to 108.1%. Its total assets and total liabilities are CN¥27.9B and CN¥22.6B respectively. Ningbo Construction's EBIT is CN¥504.4M making its interest coverage ratio 3.4. It has cash and short-term investments of CN¥4.0B.
Key information
108.1%
Debt to equity ratio
CN¥5.78b
Debt
Interest coverage ratio | 3.4x |
Cash | CN¥3.99b |
Equity | CN¥5.35b |
Total liabilities | CN¥22.58b |
Total assets | CN¥27.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601789's short term assets (CN¥20.6B) exceed its short term liabilities (CN¥20.1B).
Long Term Liabilities: 601789's short term assets (CN¥20.6B) exceed its long term liabilities (CN¥2.5B).
Debt to Equity History and Analysis
Debt Level: 601789's net debt to equity ratio (33.5%) is considered satisfactory.
Reducing Debt: 601789's debt to equity ratio has reduced from 150.2% to 108.1% over the past 5 years.
Debt Coverage: 601789's debt is not well covered by operating cash flow (2.2%).
Interest Coverage: 601789's interest payments on its debt are well covered by EBIT (3.4x coverage).