Ningbo Homelink Eco-iTech Balance Sheet Health
Financial Health criteria checks 4/6
Ningbo Homelink Eco-iTech has a total shareholder equity of CN¥1.9B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 62.8%. Its total assets and total liabilities are CN¥4.0B and CN¥2.2B respectively. Ningbo Homelink Eco-iTech's EBIT is CN¥45.7M making its interest coverage ratio 2.6. It has cash and short-term investments of CN¥543.5M.
Key information
62.8%
Debt to equity ratio
CN¥1.18b
Debt
Interest coverage ratio | 2.6x |
Cash | CN¥543.46m |
Equity | CN¥1.87b |
Total liabilities | CN¥2.16b |
Total assets | CN¥4.04b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301193's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 301193's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 301193's net debt to equity ratio (33.8%) is considered satisfactory.
Reducing Debt: 301193's debt to equity ratio has reduced from 99.8% to 62.8% over the past 5 years.
Debt Coverage: 301193's debt is not well covered by operating cash flow (12.2%).
Interest Coverage: 301193's interest payments on its debt are not well covered by EBIT (2.6x coverage).