Ningbo Fuda Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo Fuda has a total shareholder equity of CN¥3.2B and total debt of CN¥435.4M, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are CN¥4.1B and CN¥863.2M respectively. Ningbo Fuda's EBIT is CN¥213.0M making its interest coverage ratio -3.4. It has cash and short-term investments of CN¥728.1M.
Key information
13.5%
Debt to equity ratio
CN¥435.36m
Debt
| Interest coverage ratio | -3.4x |
| Cash | CN¥728.13m |
| Equity | CN¥3.22b |
| Total liabilities | CN¥863.19m |
| Total assets | CN¥4.08b |
Recent financial health updates
Recent updates
Ningbo Fuda Company Limited's (SHSE:600724) Shares Climb 43% But Its Business Is Yet to Catch Up
Nov 11
Ningbo Fuda (SHSE:600724) Seems To Use Debt Quite Sensibly
Oct 21Investors Don't See Light At End Of Ningbo Fuda Company Limited's (SHSE:600724) Tunnel
Sep 26Weak Statutory Earnings May Not Tell The Whole Story For Ningbo Fuda (SHSE:600724)
Aug 29Ningbo Fuda Company Limited's (SHSE:600724) Business And Shares Still Trailing The Market
May 23Some Investors May Be Worried About Ningbo Fuda's (SHSE:600724) Returns On Capital
Apr 16Financial Position Analysis
Short Term Liabilities: 600724's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥737.0M).
Long Term Liabilities: 600724's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥126.2M).
Debt to Equity History and Analysis
Debt Level: 600724 has more cash than its total debt.
Reducing Debt: 600724's debt to equity ratio has reduced from 37.8% to 13.5% over the past 5 years.
Debt Coverage: 600724's debt is well covered by operating cash flow (90.2%).
Interest Coverage: 600724 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 | 2024/12/23 09:06 |
| End of Day Share Price | 2024/12/23 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
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Analyst Sources
Ningbo Fuda Company Limited is covered by 5 analysts. 0 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 |
|---|---|
| Juan Cui | China Minzu Securities |
| Li Zhang | Everbright Securities Co. Ltd. |
| Haowu Chen | Everbright Securities Co. Ltd. |