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¥181.2M respectively. Ningbo Shimao EnergyLtd's EBIT is CN¥168.0M making its interest coverage ratio -9.9. It has cash and short-term investments of CN¥379.0M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -9.9x |
| Cash | CN¥378.99m |
| Equity | CN¥1.33b |
| Total liabilities | CN¥181.22m |
| Total assets | CN¥1.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605028's short term assets (CN¥644.2M) exceed its short term liabilities (CN¥111.0M).
Long Term Liabilities: 605028's short term assets (CN¥644.2M) exceed its long term liabilities (CN¥70.2M).
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 25.7%.
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.