Ningxia Building Materials GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Ningxia Building Materials GroupLtd has a total shareholder equity of CN¥7.5B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 15.6%. Its total assets and total liabilities are CN¥11.3B and CN¥3.8B respectively. Ningxia Building Materials GroupLtd's EBIT is CN¥249.7M making its interest coverage ratio -8.7. It has cash and short-term investments of CN¥3.0B.
Key information
15.6%
Debt to equity ratio
CN¥1.17b
Debt
| Interest coverage ratio | -8.7x |
| Cash | CN¥3.02b |
| Equity | CN¥7.52b |
| Total liabilities | CN¥3.82b |
| Total assets | CN¥11.34b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600449's short term assets (CN¥5.8B) exceed its short term liabilities (CN¥3.2B).
Long Term Liabilities: 600449's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥616.8M).
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 20.8% to 15.6% over the past 5 years.
Debt Coverage: 600449's debt is well covered by operating cash flow (101.9%).
Interest Coverage: 600449 earns more interest than it pays, so coverage of interest payments is not a concern.