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¥3.9M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥1.2B and CN¥81.2M respectively. Ningbo Color Master Batch's EBIT is CN¥99.3M making its interest coverage ratio -7.2. It has cash and short-term investments of CN¥737.9M.
Key information
0.4%
Debt to equity ratio
CN¥3.93m
Debt
Interest coverage ratio | -7.2x |
Cash | CN¥737.90m |
Equity | CN¥1.07b |
Total liabilities | CN¥81.15m |
Total assets | CN¥1.15b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301019's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥70.5M).
Long Term Liabilities: 301019's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥10.6M).
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 5.8% to 0.4% over the past 5 years.
Debt Coverage: 301019's debt is well covered by operating cash flow (2705.9%).
Interest Coverage: 301019 earns more interest than it pays, so coverage of interest payments is not a concern.