Nanjing Develop Advanced Manufacturing Co., Ltd.

SHSE:688377 Stock Report

Market Cap: CN¥2.9b

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¥92.8M making its interest coverage ratio -42.1. 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-42.1x
CashCN¥347.84m
EquityCN¥1.77b
Total liabilitiesCN¥820.53m
Total assetsCN¥2.59b

Recent financial health updates

No updates

Recent updates

Even With A 52% Surge, Cautious Investors Are Not Rewarding Nanjing Develop Advanced Manufacturing Co., Ltd.'s (SHSE:688377) Performance Completely

Oct 08
Even With A 52% Surge, Cautious Investors Are Not Rewarding Nanjing Develop Advanced Manufacturing Co., Ltd.'s (SHSE:688377) Performance Completely

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.


Balance Sheet


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