Nanjing Tanker Balance Sheet Health
Financial Health criteria checks 6/6
Nanjing Tanker has a total shareholder equity of CN¥10.3B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 13.4%. Its total assets and total liabilities are CN¥12.6B and CN¥2.4B respectively. Nanjing Tanker's EBIT is CN¥2.1B making its interest coverage ratio 83.4. It has cash and short-term investments of CN¥4.4B.
Key information
13.4%
Debt to equity ratio
CN¥1.37b
Debt
| Interest coverage ratio | 83.4x |
| Cash | CN¥4.45b |
| Equity | CN¥10.25b |
| Total liabilities | CN¥2.38b |
| Total assets | CN¥12.64b |
Recent financial health updates
Recent updates
Nanjing Tanker Corporation (SHSE:601975) Shares Could Be 42% Below Their Intrinsic Value Estimate
Sep 06
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¥5.6B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 601975's short term assets (CN¥5.6B) exceed its long term liabilities (CN¥1.3B).
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 67% to 13.4% over the past 5 years.
Debt Coverage: 601975's debt is well covered by operating cash flow (192.1%).
Interest Coverage: 601975's interest payments on its debt are well covered by EBIT (83.4x coverage).