Nanjing Develop Advanced Manufacturing Balance Sheet Health
Financial Health criteria checks 5/6
Nanjing Develop Advanced Manufacturing has a total shareholder equity of CN¥1.8B and total debt of CN¥230.4M, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are CN¥2.6B and CN¥820.5M respectively. Nanjing Develop Advanced Manufacturing's EBIT is CN¥92.6M making its interest coverage ratio -130.5. It has cash and short-term investments of CN¥347.8M.
Key information
13.0%
Debt to equity ratio
CN¥230.38m
Debt
| Interest coverage ratio | -130.5x |
| Cash | CN¥347.84m |
| Equity | CN¥1.77b |
| Total liabilities | CN¥820.53m |
| Total assets | CN¥2.59b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688377's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥747.0M).
Long Term Liabilities: 688377's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥73.6M).
Debt to Equity History and Analysis
Debt Level: 688377 has more cash than its total debt.
Reducing Debt: 688377's debt to equity ratio has reduced from 15.9% to 13% over the past 5 years.
Debt Coverage: 688377's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: 688377 earns more interest than it pays, so coverage of interest payments is not a concern.