Newland Digital TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Newland Digital TechnologyLtd has a total shareholder equity of CN¥7.0B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 15.1%. Its total assets and total liabilities are CN¥12.3B and CN¥5.3B respectively. Newland Digital TechnologyLtd's EBIT is CN¥1.3B making its interest coverage ratio -9.2. It has cash and short-term investments of CN¥3.4B.
Key information
15.1%
Debt to equity ratio
CN¥1.05b
Debt
Interest coverage ratio | -9.2x |
Cash | CN¥3.35b |
Equity | CN¥7.00b |
Total liabilities | CN¥5.27b |
Total assets | CN¥12.26b |
Recent financial health updates
No updates
Recent updates
Little Excitement Around Newland Digital Technology Co.,Ltd.'s (SZSE:000997) Revenues
Aug 01Newland Digital TechnologyLtd (SZSE:000997) Is Doing The Right Things To Multiply Its Share Price
Jul 13Is Newland Digital Technology Co.,Ltd. (SZSE:000997) Expensive For A Reason? A Look At Its Intrinsic Value
Jun 24Newland Digital TechnologyLtd's (SZSE:000997) Strong Earnings Are Of Good Quality
Apr 29Newland Digital TechnologyLtd (SZSE:000997) Shareholders Will Want The ROCE Trajectory To Continue
Mar 25Newland Digital Technology Co.,Ltd. (SZSE:000997) Stock Catapults 28% Though Its Price And Business Still Lag The Industry
Mar 04Financial Position Analysis
Short Term Liabilities: 000997's short term assets (CN¥7.2B) exceed its short term liabilities (CN¥5.1B).
Long Term Liabilities: 000997's short term assets (CN¥7.2B) exceed its long term liabilities (CN¥159.7M).
Debt to Equity History and Analysis
Debt Level: 000997 has more cash than its total debt.
Reducing Debt: 000997's debt to equity ratio has reduced from 17.1% to 15.1% over the past 5 years.
Debt Coverage: 000997's debt is well covered by operating cash flow (122.2%).
Interest Coverage: 000997 earns more interest than it pays, so coverage of interest payments is not a concern.