Nan Nan Resources Enterprise Balance Sheet Health
Financial Health criteria checks 3/6
Nan Nan Resources Enterprise has a total shareholder equity of HK$171.8M and total debt of HK$208.1M, which brings its debt-to-equity ratio to 121.2%. Its total assets and total liabilities are HK$525.0M and HK$353.2M respectively.
Key information
121.2%
Debt to equity ratio
HK$208.15m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$189.31m |
| Equity | HK$171.77m |
| Total liabilities | HK$353.22m |
| Total assets | HK$524.99m |
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
Nan 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$199.6M) exceed its short term liabilities (HK$76.5M).
Long Term Liabilities: 1229's short term assets (HK$199.6M) do not cover its long term liabilities (HK$276.7M).
Debt to Equity History and Analysis
Debt Level: 1229's net debt to equity ratio (11%) is considered satisfactory.
Reducing Debt: 1229's debt to equity ratio has reduced from 155% to 121.2% over the past 5 years.
Debt Coverage: 1229's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 1229's interest payments on its debt are well covered by EBIT.