Ningbo Shimao EnergyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo Shimao EnergyLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.5B and CN¥152.2M respectively. Ningbo Shimao EnergyLtd's EBIT is CN¥187.3M making its interest coverage ratio -11.3. It has cash and short-term investments of CN¥433.5M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -11.3x |
| Cash | CN¥433.46m |
| Equity | CN¥1.33b |
| Total liabilities | CN¥152.23m |
| Total assets | CN¥1.49b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605028's short term assets (CN¥701.1M) exceed its short term liabilities (CN¥81.1M).
Long Term Liabilities: 605028's short term assets (CN¥701.1M) exceed its long term liabilities (CN¥71.1M).
Debt to Equity History and Analysis
Debt Level: 605028 is debt free.
Reducing Debt: 605028 has no debt compared to 5 years ago when its debt to equity ratio was 35.5%.
Debt Coverage: 605028 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 605028 has no debt, therefore coverage of interest payments is not a concern.