Niutech Environment Technology Balance Sheet Health
Financial Health criteria checks 6/6
Niutech Environment Technology has a total shareholder equity of CN¥729.2M and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥805.1M and CN¥76.0M respectively. Niutech Environment Technology's EBIT is CN¥23.6M making its interest coverage ratio -6.4. It has cash and short-term investments of CN¥271.9M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -6.4x |
Cash | CN¥271.93m |
Equity | CN¥729.16m |
Total liabilities | CN¥75.97m |
Total assets | CN¥805.13m |
Financial Position Analysis
Short Term Liabilities: 688309's short term assets (CN¥438.0M) exceed its short term liabilities (CN¥70.4M).
Long Term Liabilities: 688309's short term assets (CN¥438.0M) exceed its long term liabilities (CN¥5.6M).
Debt to Equity History and Analysis
Debt Level: 688309 is debt free.
Reducing Debt: 688309 has no debt compared to 5 years ago when its debt to equity ratio was 1.3%.
Debt Coverage: 688309 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 688309 has no debt, therefore coverage of interest payments is not a concern.