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
CNNC International Limited (HKG:2302) Stock Rockets 27% As Investors Are Less Pessimistic Than Expected
Apr 29There's Reason For Concern Over CNNC International Limited's (HKG:2302) Massive 40% Price Jump
Jan 25With EPS Growth And More, CNNC International (HKG:2302) Makes An Interesting Case
Jan 18Returns Are Gaining Momentum At CNNC International (HKG:2302)
Dec 06CNNC International's (HKG:2302) Profits Appear To Have Quality Issues
Oct 02We Like These Underlying Return On Capital Trends At CNNC International (HKG:2302)
Aug 07CNNC International Limited's (HKG:2302) Share Price Could Signal Some Risk
Jun 27We Think The Compensation For CNNC International Limited's (HKG:2302) CEO Looks About Right
Dec 09CNNC International (HKG:2302) Shareholders Will Want The ROCE Trajectory To Continue
Oct 19Financial Position Analysis
Short Term Liabilities: 2302's short term assets (HK$571.9M) exceed its short term liabilities (HK$345.3M).
Long Term Liabilities: 2302's short term assets (HK$571.9M) exceed its long term liabilities (HK$185.3M).
Debt to Equity History and Analysis
Debt Level: 2302's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: 2302's debt to equity ratio has increased from 0.4% to 39.5% over the past 5 years.
Debt Coverage: 2302's debt is well covered by operating cash flow (40.7%).
Interest Coverage: 2302's interest payments on its debt are well covered by EBIT (8.3x coverage).