Ningbo Water Meter (Group) Co.,Ltd.

SHSE:603700 Stock Report

Market Cap: CN¥2.0b

Ningbo Water Meter (Group)Ltd Balance Sheet Health

Financial Health criteria checks 5/6

Ningbo Water Meter (Group)Ltd has a total shareholder equity of CN¥1.6B and total debt of CN¥67.6M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are CN¥2.2B and CN¥637.0M respectively. Ningbo Water Meter (Group)Ltd's EBIT is CN¥107.0M making its interest coverage ratio -1348. It has cash and short-term investments of CN¥196.2M.

Key information

4.3%

Debt to equity ratio

CN¥67.64m

Debt

Interest coverage ratio-1348x
CashCN¥196.22m
EquityCN¥1.59b
Total liabilitiesCN¥637.03m
Total assetsCN¥2.22b

Recent financial health updates

No updates

Recent updates

The Returns On Capital At Ningbo Water Meter (Group)Ltd (SHSE:603700) Don't Inspire Confidence

Aug 30
The Returns On Capital At Ningbo Water Meter (Group)Ltd (SHSE:603700) Don't Inspire Confidence

Ningbo Water Meter (Group)'s (SHSE:603700) Solid Earnings May Rest On Weak Foundations

May 03
Ningbo Water Meter (Group)'s (SHSE:603700) Solid Earnings May Rest On Weak Foundations

Ningbo Water Meter (Group) Co., LTD. (SHSE:603700) Looks Inexpensive But Perhaps Not Attractive Enough

Feb 28
Ningbo Water Meter (Group) Co., LTD. (SHSE:603700) Looks Inexpensive But Perhaps Not Attractive Enough

Financial Position Analysis

Short Term Liabilities: 603700's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥620.7M).

Long Term Liabilities: 603700's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥16.3M).


Debt to Equity History and Analysis

Debt Level: 603700 has more cash than its total debt.

Reducing Debt: 603700's debt to equity ratio has increased from 0% to 4.3% over the past 5 years.

Debt Coverage: 603700's debt is well covered by operating cash flow (161.9%).

Interest Coverage: 603700 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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