Ningbo Kangqiang Electronics Balance Sheet Health
Financial Health criteria checks 4/6
Ningbo Kangqiang Electronics has a total shareholder equity of CN¥1.3B and total debt of CN¥717.8M, which brings its debt-to-equity ratio to 54.6%. Its total assets and total liabilities are CN¥2.3B and CN¥1.0B respectively. Ningbo Kangqiang Electronics's EBIT is CN¥69.3M making its interest coverage ratio 59.3. It has cash and short-term investments of CN¥174.9M.
Key information
54.6%
Debt to equity ratio
CN¥717.77m
Debt
| Interest coverage ratio | 59.3x |
| Cash | CN¥174.85m |
| Equity | CN¥1.31b |
| Total liabilities | CN¥1.03b |
| Total assets | CN¥2.34b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002119's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥966.5M).
Long Term Liabilities: 002119's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥62.0M).
Debt to Equity History and Analysis
Debt Level: 002119's net debt to equity ratio (41.3%) is considered high.
Reducing Debt: 002119's debt to equity ratio has reduced from 72.4% to 54.6% over the past 5 years.
Debt Coverage: 002119's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002119's interest payments on its debt are well covered by EBIT (59.3x coverage).