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¥67.0M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are CN¥2.2B and CN¥637.0M respectively. Ningbo Water Meter (Group)Ltd's EBIT is CN¥78.3M making its interest coverage ratio -114.7. It has cash and short-term investments of CN¥196.2M.
Key information
4.2%
Debt to equity ratio
CN¥67.03m
Debt
| Interest coverage ratio | -114.7x |
| Cash | CN¥196.22m |
| Equity | CN¥1.59b |
| Total liabilities | CN¥637.03m |
| Total assets | CN¥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
Ningbo Water Meter (Group)'s (SHSE:603700) Solid Earnings May Rest On Weak Foundations
May 03Ningbo Water Meter (Group) Co., LTD. (SHSE:603700) Looks Inexpensive But Perhaps Not Attractive Enough
Feb 28Financial 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 4.2% over the past 5 years.
Debt Coverage: 603700's debt is well covered by operating cash flow (163.4%).
Interest Coverage: 603700 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 13:37 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Ningbo Water Meter (Group) Co.,Ltd. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gen He | Everbright Securities Co. Ltd. |
| Li Wu | Tianfeng Securities Brokerage Co., Ltd |
| Yu Cui | Tianfeng Securities Brokerage Co., Ltd |