Nanjing Develop Advanced Manufacturing Balance Sheet Health
Financial Health criteria checks 6/6
Nanjing Develop Advanced Manufacturing has a total shareholder equity of CN¥1.8B and total debt of CN¥154.3M, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are CN¥2.5B and CN¥708.7M respectively. Nanjing Develop Advanced Manufacturing's EBIT is CN¥144.4M making its interest coverage ratio -114.4. It has cash and short-term investments of CN¥308.2M.
Key information
8.7%
Debt to equity ratio
CN¥154.27m
Debt
Interest coverage ratio | -114.4x |
Cash | CN¥308.18m |
Equity | CN¥1.78b |
Total liabilities | CN¥708.68m |
Total assets | CN¥2.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688377's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥652.8M).
Long Term Liabilities: 688377's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥55.8M).
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 19.2% to 8.7% over the past 5 years.
Debt Coverage: 688377's debt is well covered by operating cash flow (67.2%).
Interest Coverage: 688377 earns more interest than it pays, so coverage of interest payments is not a concern.