Ningbo Orient Wires & CablesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo Orient Wires & CablesLtd has a total shareholder equity of CN¥6.3B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 17.4%. Its total assets and total liabilities are CN¥11.1B and CN¥4.9B respectively. Ningbo Orient Wires & CablesLtd's EBIT is CN¥1.1B making its interest coverage ratio -160. It has cash and short-term investments of CN¥2.4B.
Key information
17.4%
Debt to equity ratio
CN¥1.09b
Debt
Interest coverage ratio | -160x |
Cash | CN¥2.42b |
Equity | CN¥6.28b |
Total liabilities | CN¥4.86b |
Total assets | CN¥11.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603606's short term assets (CN¥8.4B) exceed its short term liabilities (CN¥4.0B).
Long Term Liabilities: 603606's short term assets (CN¥8.4B) exceed its long term liabilities (CN¥817.9M).
Debt to Equity History and Analysis
Debt Level: 603606 has more cash than its total debt.
Reducing Debt: 603606's debt to equity ratio has reduced from 40.9% to 17.4% over the past 5 years.
Debt Coverage: 603606's debt is well covered by operating cash flow (139.3%).
Interest Coverage: 603606 earns more interest than it pays, so coverage of interest payments is not a concern.