Noblelift Intelligent EquipmentLtd Balance Sheet Health
Financial Health criteria checks 5/6
Noblelift Intelligent EquipmentLtd has a total shareholder equity of CN¥2.8B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 49.4%. Its total assets and total liabilities are CN¥9.1B and CN¥6.3B respectively. Noblelift Intelligent EquipmentLtd's EBIT is CN¥533.9M making its interest coverage ratio -158.5. It has cash and short-term investments of CN¥1.2B.
Key information
49.4%
Debt to equity ratio
CN¥1.38b
Debt
Interest coverage ratio | -158.5x |
Cash | CN¥1.24b |
Equity | CN¥2.79b |
Total liabilities | CN¥6.30b |
Total assets | CN¥9.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603611's short term assets (CN¥7.0B) exceed its short term liabilities (CN¥5.9B).
Long Term Liabilities: 603611's short term assets (CN¥7.0B) exceed its long term liabilities (CN¥373.8M).
Debt to Equity History and Analysis
Debt Level: 603611's net debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: 603611's debt to equity ratio has increased from 4.7% to 49.4% over the past 5 years.
Debt Coverage: 603611's debt is well covered by operating cash flow (26.1%).
Interest Coverage: 603611 earns more interest than it pays, so coverage of interest payments is not a concern.