Nanjing Tanker Balance Sheet Health
Financial Health criteria checks 6/6
Nanjing Tanker has a total shareholder equity of CN¥9.7B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 15.8%. Its total assets and total liabilities are CN¥12.4B and CN¥2.7B respectively. Nanjing Tanker's EBIT is CN¥2.0B making its interest coverage ratio 58.7. It has cash and short-term investments of CN¥3.9B.
Key information
15.8%
Debt to equity ratio
CN¥1.53b
Debt
Interest coverage ratio | 58.7x |
Cash | CN¥3.89b |
Equity | CN¥9.69b |
Total liabilities | CN¥2.73b |
Total assets | CN¥12.42b |
Recent financial health updates
Recent updates
Nanjing Tanker Corporation's (SHSE:601975) Price Is Right But Growth Is Lacking
Aug 06Nanjing Tanker (SHSE:601975) Might Have The Makings Of A Multi-Bagger
Jun 10A Look At The Intrinsic Value Of Nanjing Tanker Corporation (SHSE:601975)
May 13Nanjing Tanker's (SHSE:601975) Solid Earnings May Rest On Weak Foundations
Apr 29Nanjing Tanker Corporation (SHSE:601975) Stock Catapults 27% Though Its Price And Business Still Lag The Market
Apr 12Nanjing Tanker (SHSE:601975) Seems To Use Debt Rather Sparingly
Feb 29Financial Position Analysis
Short Term Liabilities: 601975's short term assets (CN¥5.3B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 601975's short term assets (CN¥5.3B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 601975 has more cash than its total debt.
Reducing Debt: 601975's debt to equity ratio has reduced from 76.4% to 15.8% over the past 5 years.
Debt Coverage: 601975's debt is well covered by operating cash flow (171.9%).
Interest Coverage: 601975's interest payments on its debt are well covered by EBIT (58.7x coverage).