Ningbo Marine Company Limited

Shanghai Stock Exchange 600798.SS

Ningbo Marine Company Limited Debt to Equity Ratio for the year ending December 31, 2023: 0.30

Ningbo Marine Company Limited Debt to Equity Ratio is 0.30 for the year ending December 31, 2023, a -18.38% change year over year. Debt to equity ratio represents the financing from debt versus equity. Higher ratio indicates more debt reliance, suggesting potential risk.

Ningbo Marine Company Limited Debt to Equity Ratio for the year ending December 31, 2022 was 0.37, a -15.30% change year over year.
Ningbo Marine Company Limited Debt to Equity Ratio for the year ending December 31, 2021 was 0.44, a -17.39% change year over year.
Ningbo Marine Company Limited Debt to Equity Ratio for the year ending December 31, 2020 was 0.53, a -12.01% change year over year.
Ningbo Marine Company Limited Debt to Equity Ratio for the year ending December 31, 2019 was 0.60, a -15.68% change year over year.

Key data

Date	Debt to Equity Ratio	Debt to Income Ratio	Debt to Tangible Net Worth Ratio	Dividend Coverage Ratio

Shanghai Stock Exchange: 600798.SS

Ningbo Marine Company Limited

CEO	Mr. Hai Liang Jiang
IPO Date	April 23, 1997
Location	China
Headquarters	Building 1
Employees	864
Sector	Industrials
Industries Maritime Shipping Container Shipping Logistics & Freight

Description

Ningbo Marine Company Limited, a shipping company, provides marine transportation services in China. It operates in two segments, the Shipping and Transportation; and the Highway Operations. The company is involved in the international and domestic dry bulk transportation; general cargo transportation; repair of ships and auxiliary machinery; transshipment and intermodal transportation of goods at sea; retailing; domestic labor service; house leasing; property management; and industrial investment activities. It also engages in the operation of toll road. The company is based in Ningbo, China. Ningbo Marine Company Limited is a subsidiary of Zhejiang Provincial Energy Group Company Ltd.

Key trends

Past 5 years