Ningxia Building Materials GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Ningxia Building Materials GroupLtd has a total shareholder equity of CN¥7.6B and total debt of CN¥931.6M, which brings its debt-to-equity ratio to 12.3%. Its total assets and total liabilities are CN¥11.2B and CN¥3.6B respectively. Ningxia Building Materials GroupLtd's EBIT is CN¥109.7M making its interest coverage ratio -3.7. It has cash and short-term investments of CN¥3.0B.
Key information
12.3%
Debt to equity ratio
CN¥931.63m
Debt
| Interest coverage ratio | -3.7x |
| Cash | CN¥2.97b |
| Equity | CN¥7.60b |
| Total liabilities | CN¥3.62b |
| Total assets | CN¥11.21b |
Recent financial health updates
We Think Ningxia Building Materials GroupLtd (SHSE:600449) Can Stay On Top Of Its Debt
Nov 25
Ningxia Building Materials GroupLtd (SHSE:600449) Seems To Use Debt Quite Sensibly
May 28Recent updates
We Think Ningxia Building Materials GroupLtd (SHSE:600449) Can Stay On Top Of Its Debt
Nov 25Market Might Still Lack Some Conviction On Ningxia Building Materials Group Co.,Ltd (SHSE:600449) Even After 29% Share Price Boost
Sep 27Benign Growth For Ningxia Building Materials Group Co.,Ltd (SHSE:600449) Underpins Its Share Price
Jul 24Ningxia Building Materials GroupLtd (SHSE:600449) Seems To Use Debt Quite Sensibly
May 28Ningxia Building Materials GroupLtd's (SHSE:600449) Shareholders Have More To Worry About Than Only Soft Earnings
Apr 30Why Investors Shouldn't Be Surprised By Ningxia Building Materials Group Co.,Ltd's (SHSE:600449) 26% Share Price Surge
Mar 11Financial Position Analysis
Short Term Liabilities: 600449's short term assets (CN¥5.9B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 600449's short term assets (CN¥5.9B) exceed its long term liabilities (CN¥564.3M).
Debt to Equity History and Analysis
Debt Level: 600449 has more cash than its total debt.
Reducing Debt: 600449's debt to equity ratio has reduced from 16.1% to 12.3% over the past 5 years.
Debt Coverage: 600449's debt is well covered by operating cash flow (71.8%).
Interest Coverage: 600449 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 11:59 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ningxia Building Materials Group Co.,Ltd is covered by 14 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wenjie Xie | AJ Securities Co., Ltd |
| Pan Li | BOCI Research Ltd. |
| Yong Chao Xu | China Minzu Securities |