Northking Information Technology Balance Sheet Health
Financial Health criteria checks 6/6
Northking Information Technology has a total shareholder equity of CN¥2.7B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥3.2B and CN¥528.5M respectively. Northking Information Technology's EBIT is CN¥300.7M making its interest coverage ratio -54.2. It has cash and short-term investments of CN¥315.6M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -54.2x |
| Cash | CN¥315.55m |
| Equity | CN¥2.71b |
| Total liabilities | CN¥528.46m |
| Total assets | CN¥3.24b |
Recent financial health updates
Does Northking Information Technology (SZSE:002987) Have A Healthy Balance Sheet?
Sep 20
These 4 Measures Indicate That Northking Information Technology (SZSE:002987) Is Using Debt Reasonably Well
Feb 27Recent updates
Investors Could Be Concerned With Northking Information Technology's (SZSE:002987) Returns On Capital
Dec 01Investors Still Aren't Entirely Convinced By Northking Information Technology Co., Ltd.'s (SZSE:002987) Earnings Despite 34% Price Jump
Oct 07Does Northking Information Technology (SZSE:002987) Have A Healthy Balance Sheet?
Sep 20Northking Information Technology Co., Ltd.'s (SZSE:002987) Share Price Is Matching Sentiment Around Its Earnings
Aug 23Capital Allocation Trends At Northking Information Technology (SZSE:002987) Aren't Ideal
Jul 19Are Investors Undervaluing Northking Information Technology Co., Ltd. (SZSE:002987) By 37%?
Jun 09Northking Information Technology (SZSE:002987) Is Increasing Its Dividend To CN¥0.17
May 13Additional Considerations Required While Assessing Northking Information Technology's (SZSE:002987) Strong Earnings
Apr 21Here's What's Concerning About Northking Information Technology's (SZSE:002987) Returns On Capital
Mar 27Northking Information Technology Co., Ltd.'s (SZSE:002987) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Mar 04These 4 Measures Indicate That Northking Information Technology (SZSE:002987) Is Using Debt Reasonably Well
Feb 27Financial Position Analysis
Short Term Liabilities: 002987's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥514.1M).
Long Term Liabilities: 002987's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥14.4M).
Debt to Equity History and Analysis
Debt Level: 002987 is debt free.
Reducing Debt: 002987 has no debt compared to 5 years ago when its debt to equity ratio was 8.4%.
Debt Coverage: 002987 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 002987 has no debt, therefore coverage of interest payments is not a concern.