Ningbo Dechang Electrical Machinery Made Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo Dechang Electrical Machinery Made has a total shareholder equity of CN¥2.9B and total debt of CN¥54.7M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are CN¥4.9B and CN¥2.0B respectively. Ningbo Dechang Electrical Machinery Made's EBIT is CN¥341.2M making its interest coverage ratio -6.2. It has cash and short-term investments of CN¥1.2B.
Key information
1.9%
Debt to equity ratio
CN¥54.71m
Debt
| Interest coverage ratio | -6.2x |
| Cash | CN¥1.20b |
| Equity | CN¥2.89b |
| Total liabilities | CN¥1.99b |
| Total assets | CN¥4.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605555's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 605555's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥91.8M).
Debt to Equity History and Analysis
Debt Level: 605555 has more cash than its total debt.
Reducing Debt: 605555's debt to equity ratio has reduced from 103.5% to 1.9% over the past 5 years.
Debt Coverage: 605555's debt is well covered by operating cash flow (742%).
Interest Coverage: 605555 earns more interest than it pays, so coverage of interest payments is not a concern.