Ningbo ShanshanLtd Balance Sheet Health
Financial Health criteria checks 4/6
Ningbo ShanshanLtd has a total shareholder equity of CN¥24.5B and total debt of CN¥11.3B, which brings its debt-to-equity ratio to 45.9%. Its total assets and total liabilities are CN¥46.9B and CN¥22.3B respectively. Ningbo ShanshanLtd's EBIT is CN¥2.8B making its interest coverage ratio -5.7. It has cash and short-term investments of CN¥4.4B.
Key information
45.9%
Debt to equity ratio
CN¥11.27b
Debt
| Interest coverage ratio | -5.7x |
| Cash | CN¥4.35b |
| Equity | CN¥24.54b |
| Total liabilities | CN¥22.35b |
| Total assets | CN¥46.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OJ8's short term assets (CN¥18.7B) exceed its short term liabilities (CN¥12.3B).
Long Term Liabilities: OJ8's short term assets (CN¥18.7B) exceed its long term liabilities (CN¥10.0B).
Debt to Equity History and Analysis
Debt Level: OJ8's net debt to equity ratio (28.2%) is considered satisfactory.
Reducing Debt: OJ8's debt to equity ratio has increased from 45.3% to 45.9% over the past 5 years.
Debt Coverage: OJ8's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: OJ8 earns more interest than it pays, so coverage of interest payments is not a concern.