Solbar Ningbo Protein Technology Balance Sheet Health
Financial Health criteria checks 5/6
Solbar Ningbo Protein Technology has a total shareholder equity of CN¥1.8B and total debt of CN¥23.8M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥2.0B and CN¥187.2M respectively. Solbar Ningbo Protein Technology's EBIT is CN¥118.9M making its interest coverage ratio -9.5. It has cash and short-term investments of CN¥898.0M.
Key information
1.3%
Debt to equity ratio
CN¥23.77m
Debt
| Interest coverage ratio | -9.5x |
| Cash | CN¥897.96m |
| Equity | CN¥1.84b |
| Total liabilities | CN¥187.22m |
| Total assets | CN¥2.03b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603231's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥166.2M).
Long Term Liabilities: 603231's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥21.0M).
Debt to Equity History and Analysis
Debt Level: 603231 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 603231's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 603231's debt is well covered by operating cash flow (445.4%).
Interest Coverage: 603231 earns more interest than it pays, so coverage of interest payments is not a concern.