HangZhou Nbond Nonwovens Balance Sheet Health
Financial Health criteria checks 6/6
HangZhou Nbond Nonwovens has a total shareholder equity of CN¥1.6B and total debt of CN¥41.2M, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are CN¥2.5B and CN¥902.9M respectively. HangZhou Nbond Nonwovens's EBIT is CN¥96.0M making its interest coverage ratio -9.8. It has cash and short-term investments of CN¥616.9M.
Key information
2.5%
Debt to equity ratio
CN¥41.15m
Debt
Interest coverage ratio | -9.8x |
Cash | CN¥616.87m |
Equity | CN¥1.62b |
Total liabilities | CN¥902.93m |
Total assets | CN¥2.53b |
Recent financial health updates
No updates
Recent updates
HangZhou Nbond Nonwovens' (SHSE:603238) Solid Earnings Are Supported By Other Strong Factors
Apr 30HangZhou Nbond Nonwovens (SHSE:603238) Might Be Having Difficulty Using Its Capital Effectively
Apr 17HangZhou Nbond Nonwovens Co., Ltd.'s (SHSE:603238) 29% Price Boost Is Out Of Tune With Earnings
Mar 13Financial Position Analysis
Short Term Liabilities: 603238's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥848.4M).
Long Term Liabilities: 603238's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥54.5M).
Debt to Equity History and Analysis
Debt Level: 603238 has more cash than its total debt.
Reducing Debt: 603238's debt to equity ratio has reduced from 14.1% to 2.5% over the past 5 years.
Debt Coverage: 603238's debt is well covered by operating cash flow (403.6%).
Interest Coverage: 603238 earns more interest than it pays, so coverage of interest payments is not a concern.