Ningbo Solartron TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Solartron TechnologyLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥597.6M, which brings its debt-to-equity ratio to 27.9%. Its total assets and total liabilities are CN¥3.4B and CN¥1.2B respectively. Ningbo Solartron TechnologyLtd's EBIT is CN¥54.1M making its interest coverage ratio -21.4. It has cash and short-term investments of CN¥250.4M.
Key information
27.9%
Debt to equity ratio
CN¥597.56m
Debt
Interest coverage ratio | -21.4x |
Cash | CN¥250.36m |
Equity | CN¥2.14b |
Total liabilities | CN¥1.23b |
Total assets | CN¥3.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688299's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥629.2M).
Long Term Liabilities: 688299's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥600.2M).
Debt to Equity History and Analysis
Debt Level: 688299's net debt to equity ratio (16.2%) is considered satisfactory.
Reducing Debt: 688299's debt to equity ratio has reduced from 54.4% to 27.9% over the past 5 years.
Debt Coverage: 688299's debt is not well covered by operating cash flow (10.9%).
Interest Coverage: 688299 earns more interest than it pays, so coverage of interest payments is not a concern.