Nanjing Kangni Mechanical & ElectricalLtd Balance Sheet Health
Financial Health criteria checks 6/6
Nanjing Kangni Mechanical & ElectricalLtd has a total shareholder equity of CN¥4.0B and total debt of CN¥163.1M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are CN¥6.5B and CN¥2.5B respectively. Nanjing Kangni Mechanical & ElectricalLtd's EBIT is CN¥412.7M making its interest coverage ratio -12. It has cash and short-term investments of CN¥1.6B.
Key information
4.1%
Debt to equity ratio
CN¥163.07m
Debt
| Interest coverage ratio | -12x |
| Cash | CN¥1.65b |
| Equity | CN¥3.98b |
| Total liabilities | CN¥2.47b |
| Total assets | CN¥6.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603111's short term assets (CN¥5.8B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 603111's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥187.0M).
Debt to Equity History and Analysis
Debt Level: 603111 has more cash than its total debt.
Reducing Debt: 603111's debt to equity ratio has reduced from 21.1% to 4.1% over the past 5 years.
Debt Coverage: 603111's debt is well covered by operating cash flow (147.5%).
Interest Coverage: 603111 earns more interest than it pays, so coverage of interest payments is not a concern.