Ningbo TechmationLtd Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo TechmationLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥457.3M, which brings its debt-to-equity ratio to 33%. Its total assets and total liabilities are CN¥2.1B and CN¥670.6M respectively. Ningbo TechmationLtd's EBIT is CN¥79.8M making its interest coverage ratio -9.5. It has cash and short-term investments of CN¥390.6M.
Key information
33.0%
Debt to equity ratio
CN¥457.32m
Debt
| Interest coverage ratio | -9.5x |
| Cash | CN¥390.62m |
| Equity | CN¥1.38b |
| Total liabilities | CN¥670.58m |
| Total assets | CN¥2.05b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603015's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥345.1M).
Long Term Liabilities: 603015's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥325.5M).
Debt to Equity History and Analysis
Debt Level: 603015's net debt to equity ratio (4.8%) is considered satisfactory.
Reducing Debt: 603015's debt to equity ratio has increased from 13.2% to 33% over the past 5 years.
Debt Coverage: 603015's debt is well covered by operating cash flow (29.5%).
Interest Coverage: 603015 earns more interest than it pays, so coverage of interest payments is not a concern.