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¥824.8M, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are CN¥6.5B and CN¥1.4B respectively. Ningbo Marine's EBIT is CN¥43.7M making its interest coverage ratio 7.3. It has cash and short-term investments of CN¥509.8M.
Key information
16.2%
Debt to equity ratio
CN¥824.80m
Debt
| Interest coverage ratio | 7.3x |
| Cash | CN¥509.76m |
| Equity | CN¥5.08b |
| Total liabilities | CN¥1.38b |
| Total assets | CN¥6.46b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600798's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥626.0M).
Long Term Liabilities: 600798's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥751.5M).
Debt to Equity History and Analysis
Debt Level: 600798's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: 600798's debt to equity ratio has reduced from 46.9% to 16.2% over the past 5 years.
Debt Coverage: 600798's debt is well covered by operating cash flow (53.4%).
Interest Coverage: 600798's interest payments on its debt are well covered by EBIT (7.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 11:36 |
| End of Day Share Price | 2024/12/20 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 Marine Company Limited is covered by 6 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 |
|---|---|
| YUNYING WU | Changjiang Securities Co. LTD. |
| Jun Yao | China Merchants Securities Co. Ltd. |
| Yuntao Ji | Citic Securities Co., Ltd. |