Ningbo Color Master Batch Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo Color Master Batch has a total shareholder equity of CN¥1.1B and total debt of CN¥9.9M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CN¥1.2B and CN¥93.9M respectively. Ningbo Color Master Batch's EBIT is CN¥92.5M making its interest coverage ratio -5.4. It has cash and short-term investments of CN¥396.8M.
Key information
0.9%
Debt to equity ratio
CN¥9.90m
Debt
| Interest coverage ratio | -5.4x |
| Cash | CN¥396.81m |
| Equity | CN¥1.11b |
| Total liabilities | CN¥93.89m |
| Total assets | CN¥1.20b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301019's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥83.9M).
Long Term Liabilities: 301019's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥10.0M).
Debt to Equity History and Analysis
Debt Level: 301019 has more cash than its total debt.
Reducing Debt: 301019's debt to equity ratio has reduced from 1.8% to 0.9% over the past 5 years.
Debt Coverage: 301019's debt is well covered by operating cash flow (981.9%).
Interest Coverage: 301019 earns more interest than it pays, so coverage of interest payments is not a concern.