Nan Nan Resources Enterprise Balance Sheet Health
Financial Health criteria checks 4/6
Nan Nan Resources Enterprise has a total shareholder equity of HK$195.0M and total debt of HK$232.8M, which brings its debt-to-equity ratio to 119.4%. Its total assets and total liabilities are HK$624.5M and HK$429.5M respectively. Nan Nan Resources Enterprise's EBIT is HK$67.0M making its interest coverage ratio 87.9. It has cash and short-term investments of HK$250.1M.
Key information
119.4%
Debt to equity ratio
HK$232.80m
Debt
| Interest coverage ratio | 87.9x |
| Cash | HK$250.15m |
| Equity | HK$195.02m |
| Total liabilities | HK$429.52m |
| Total assets | HK$624.53m |
Recent financial health updates
Is Nan Nan Resources Enterprise (HKG:1229) A Risky Investment?
Jun 24
Here's Why Nan Nan Resources Enterprise (HKG:1229) Has A Meaningful Debt Burden
Jul 04Here's Why Nan Nan Resources Enterprise (HKG:1229) Can Manage Its Debt Responsibly
Aug 18These 4 Measures Indicate That Nan Nan Resources Enterprise (HKG:1229) Is Using Debt Extensively
Jan 03Does Nan Nan Resources Enterprise (HKG:1229) Have A Healthy Balance Sheet?
Jul 02Recent updates
Risks To Shareholder Returns Are Elevated At These Prices For Nan Nan Resources Enterprise Limited (HKG:1229)
Sep 30Nan Nan Resources Enterprise's (HKG:1229) Earnings Might Be Weaker Than You Think
Aug 01Is Nan Nan Resources Enterprise (HKG:1229) A Risky Investment?
Jun 24Here's Why Nan Nan Resources Enterprise (HKG:1229) Has A Meaningful Debt Burden
Jul 04Calculating The Intrinsic Value Of Nan Nan Resources Enterprise Limited (HKG:1229)
May 16Here's Why Nan Nan Resources Enterprise (HKG:1229) Can Manage Its Debt Responsibly
Aug 18These 4 Measures Indicate That Nan Nan Resources Enterprise (HKG:1229) Is Using Debt Extensively
Jan 03Does Nan Nan Resources Enterprise (HKG:1229) Have A Healthy Balance Sheet?
Jul 02Financial Position Analysis
Short Term Liabilities: 1229's short term assets (HK$257.7M) exceed its short term liabilities (HK$119.0M).
Long Term Liabilities: 1229's short term assets (HK$257.7M) do not cover its long term liabilities (HK$310.6M).
Debt to Equity History and Analysis
Debt Level: 1229 has more cash than its total debt.
Reducing Debt: 1229's debt to equity ratio has reduced from 124.6% to 119.4% over the past 5 years.
Debt Coverage: 1229's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1229's interest payments on its debt are well covered by EBIT (87.9x coverage).