Solbar Ningbo Protein Technology Balance Sheet Health
Financial Health criteria checks 5/6
Solbar Ningbo Protein Technology has a total shareholder equity of CN¥1.9B and total debt of CN¥23.9M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are CN¥2.1B and CN¥202.7M respectively. Solbar Ningbo Protein Technology's EBIT is CN¥173.4M making its interest coverage ratio -96.3. It has cash and short-term investments of CN¥1.0B.
Key information
1.2%
Debt to equity ratio
CN¥23.87m
Debt
Interest coverage ratio | -96.3x |
Cash | CN¥1.01b |
Equity | CN¥1.93b |
Total liabilities | CN¥202.69m |
Total assets | CN¥2.13b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603231's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥179.9M).
Long Term Liabilities: 603231's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥22.8M).
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 (664.1%).
Interest Coverage: 603231 earns more interest than it pays, so coverage of interest payments is not a concern.