Ningbo Marine Company Limited

SHSE:600798 Stock Report

Market Cap: CN¥3.5b

Ningbo Marine Balance Sheet Health

Financial Health criteria checks 6/6

Ningbo Marine has a total shareholder equity of CN¥5.1B and total debt of CN¥963.3M, which brings its debt-to-equity ratio to 18.9%. Its total assets and total liabilities are CN¥6.6B and CN¥1.5B respectively. Ningbo Marine's EBIT is CN¥84.5M making its interest coverage ratio 12.9. It has cash and short-term investments of CN¥528.0M.

Key information

18.9%

Debt to equity ratio

CN¥963.34m

Debt

Interest coverage ratio12.9x
CashCN¥528.03m
EquityCN¥5.10b
Total liabilitiesCN¥1.46b
Total assetsCN¥6.56b

Recent financial health updates

No updates

Recent updates

Ningbo Marine's (SHSE:600798) Problems Go Beyond Weak Profit

May 08
Ningbo Marine's (SHSE:600798) Problems Go Beyond Weak Profit

Investors Could Be Concerned With Ningbo Marine's (SHSE:600798) Returns On Capital

Apr 04
Investors Could Be Concerned With Ningbo Marine's (SHSE:600798) Returns On Capital

Financial Position Analysis

Short Term Liabilities: 600798's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥702.3M).

Long Term Liabilities: 600798's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥757.4M).


Debt to Equity History and Analysis

Debt Level: 600798's net debt to equity ratio (8.5%) is considered satisfactory.

Reducing Debt: 600798's debt to equity ratio has reduced from 49.2% to 18.9% over the past 5 years.

Debt Coverage: 600798's debt is well covered by operating cash flow (66%).

Interest Coverage: 600798's interest payments on its debt are well covered by EBIT (12.9x coverage).


Balance Sheet


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