CNNC International Balance Sheet Health
Financial Health criteria checks 5/6
CNNC International has a total shareholder equity of HK$460.3M and total debt of HK$182.0M, which brings its debt-to-equity ratio to 39.5%. Its total assets and total liabilities are HK$990.9M and HK$530.6M respectively. CNNC International's EBIT is HK$94.2M making its interest coverage ratio 8.3. It has cash and short-term investments of HK$180.5M.
Key information
39.5%
Debt to equity ratio
HK$182.00m
Debt
Interest coverage ratio | 8.3x |
Cash | HK$180.47m |
Equity | HK$460.29m |
Total liabilities | HK$530.58m |
Total assets | HK$990.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: U7MA's short term assets (HK$571.9M) exceed its short term liabilities (HK$345.3M).
Long Term Liabilities: U7MA's short term assets (HK$571.9M) exceed its long term liabilities (HK$185.3M).
Debt to Equity History and Analysis
Debt Level: U7MA's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: U7MA's debt to equity ratio has increased from 0.4% to 39.5% over the past 5 years.
Debt Coverage: U7MA's debt is well covered by operating cash flow (40.7%).
Interest Coverage: U7MA's interest payments on its debt are well covered by EBIT (8.3x coverage).