Ningbo Boway Alloy Material Balance Sheet Health
Financial Health criteria checks 3/6
Ningbo Boway Alloy Material has a total shareholder equity of CN¥7.3B and total debt of CN¥5.8B, which brings its debt-to-equity ratio to 79.8%. Its total assets and total liabilities are CN¥16.7B and CN¥9.4B respectively. Ningbo Boway Alloy Material's EBIT is CN¥1.8B making its interest coverage ratio 10.6. It has cash and short-term investments of CN¥2.0B.
Key information
79.8%
Debt to equity ratio
CN¥5.82b
Debt
| Interest coverage ratio | 10.6x |
| Cash | CN¥2.03b |
| Equity | CN¥7.29b |
| Total liabilities | CN¥9.36b |
| Total assets | CN¥16.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601137's short term assets (CN¥10.2B) exceed its short term liabilities (CN¥6.7B).
Long Term Liabilities: 601137's short term assets (CN¥10.2B) exceed its long term liabilities (CN¥2.6B).
Debt to Equity History and Analysis
Debt Level: 601137's net debt to equity ratio (51.9%) is considered high.
Reducing Debt: 601137's debt to equity ratio has increased from 42.4% to 79.8% over the past 5 years.
Debt Coverage: 601137's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: 601137's interest payments on its debt are well covered by EBIT (10.6x coverage).