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
No updates
Recent updates
Financial 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.