Ningbo Daye Garden MachineryLtd Balance Sheet Health
Financial Health criteria checks 1/6
Ningbo Daye Garden MachineryLtd has a total shareholder equity of CN¥957.7M and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 163.2%. Its total assets and total liabilities are CN¥3.1B and CN¥2.2B respectively.
Key information
163.2%
Debt to equity ratio
CN¥1.56b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥870.16m |
| Equity | CN¥957.74m |
| Total liabilities | CN¥2.18b |
| Total assets | CN¥3.14b |
Recent financial health updates
No updates
Recent updates
Ningbo Daye Garden Machinery Co.,Ltd.'s (SZSE:300879) 25% Price Boost Is Out Of Tune With Revenues
Jul 12
Ningbo Daye Garden Machinery Co.,Ltd.'s (SZSE:300879) 27% Share Price Surge Not Quite Adding Up
May 20Risks To Shareholder Returns Are Elevated At These Prices For Ningbo Daye Garden Machinery Co.,Ltd. (SZSE:300879)
Mar 05Financial Position Analysis
Short Term Liabilities: 300879's short term assets (CN¥1.7B) do not cover its short term liabilities (CN¥1.8B).
Long Term Liabilities: 300879's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥410.4M).
Debt to Equity History and Analysis
Debt Level: 300879's net debt to equity ratio (72.4%) is considered high.
Reducing Debt: 300879's debt to equity ratio has increased from 106.2% to 163.2% over the past 5 years.
Debt Coverage: 300879's debt is not well covered by operating cash flow (17.2%).
Interest Coverage: Insufficient data to determine if 300879's interest payments on its debt are well covered by EBIT.