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.