Ningbo Daye Garden MachineryLtd Balance Sheet Health
Financial Health criteria checks 2/6
Ningbo Daye Garden MachineryLtd has a total shareholder equity of CN¥839.3M and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 249.3%. Its total assets and total liabilities are CN¥3.4B and CN¥2.6B respectively.
Key information
249.3%
Debt to equity ratio
CN¥2.09b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥942.53m |
| Equity | CN¥839.26m |
| Total liabilities | CN¥2.59b |
| Total assets | CN¥3.43b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300879's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 300879's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 300879's net debt to equity ratio (137%) is considered high.
Reducing Debt: 300879's debt to equity ratio has increased from 85.6% to 249.3% over the past 5 years.
Debt Coverage: 300879's debt is not well covered by operating cash flow (6.2%).
Interest Coverage: Insufficient data to determine if 300879's interest payments on its debt are well covered by EBIT.