Ningbo Marine Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Marine has a total shareholder equity of CN¥5.2B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are CN¥6.8B and CN¥1.6B respectively. Ningbo Marine's EBIT is CN¥195.3M making its interest coverage ratio 4.4. It has cash and short-term investments of CN¥535.2M.
Key information
24.3%
Debt to equity ratio
CN¥1.26b
Debt
Interest coverage ratio | 4.4x |
Cash | CN¥535.22m |
Equity | CN¥5.19b |
Total liabilities | CN¥1.65b |
Total assets | CN¥6.84b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600798's short term assets (CN¥896.3M) exceed its short term liabilities (CN¥685.2M).
Long Term Liabilities: 600798's short term assets (CN¥896.3M) do not cover its long term liabilities (CN¥961.6M).
Debt to Equity History and Analysis
Debt Level: 600798's net debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: 600798's debt to equity ratio has reduced from 69% to 24.3% over the past 5 years.
Debt Coverage: 600798's debt is well covered by operating cash flow (59.3%).
Interest Coverage: 600798's interest payments on its debt are well covered by EBIT (4.4x coverage).