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 ratio | 12.9x |
| Cash | CN¥528.03m |
| Equity | CN¥5.10b |
| Total liabilities | CN¥1.46b |
| Total assets | CN¥6.56b |
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¥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).