Ningbo Kangqiang Electronics Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Kangqiang Electronics has a total shareholder equity of CN¥1.4B and total debt of CN¥683.5M, which brings its debt-to-equity ratio to 50.1%. Its total assets and total liabilities are CN¥2.5B and CN¥1.1B respectively. Ningbo Kangqiang Electronics's EBIT is CN¥94.0M making its interest coverage ratio -564.5. It has cash and short-term investments of CN¥170.2M.
Key information
50.1%
Debt to equity ratio
CN¥683.50m
Debt
| Interest coverage ratio | -564.5x |
| Cash | CN¥170.21m |
| Equity | CN¥1.36b |
| Total liabilities | CN¥1.10b |
| Total assets | CN¥2.46b |
Recent financial health updates
No updates
Recent updates
Optimistic Investors Push Ningbo Kangqiang Electronics Co., Ltd (SZSE:002119) Shares Up 26% But Growth Is Lacking
Jan 16
Subdued Growth No Barrier To Ningbo Kangqiang Electronics Co., Ltd (SZSE:002119) With Shares Advancing 31%
Nov 12Ningbo Kangqiang Electronics Co., Ltd's (SZSE:002119) Business Is Yet to Catch Up With Its Share Price
Sep 28Some Confidence Is Lacking In Ningbo Kangqiang Electronics Co., Ltd's (SZSE:002119) P/E
Jun 13Ningbo Kangqiang Electronics' (SZSE:002119) Anemic Earnings Might Be Worse Than You Think
Apr 01Optimistic Investors Push Ningbo Kangqiang Electronics Co., Ltd (SZSE:002119) Shares Up 31% But Growth Is Lacking
Mar 06Financial Position Analysis
Short Term Liabilities: 002119's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥949.8M).
Long Term Liabilities: 002119's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥147.3M).
Debt to Equity History and Analysis
Debt Level: 002119's net debt to equity ratio (37.6%) is considered satisfactory.
Reducing Debt: 002119's debt to equity ratio has reduced from 64.6% to 50.1% over the past 5 years.
Debt Coverage: 002119's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002119 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 | 2025/01/20 08:59 |
| End of Day Share Price | 2025/01/20 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ningbo Kangqiang Electronics Co., Ltd is covered by 1 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 |
|---|---|
| Jianhu Jia | Central China Securities Co., Ltd. |