Ningbo Techmation Co.,Ltd.

Shanghai Stock Exchange 603015.SS

Ningbo Techmation Co.,Ltd. Debt to Equity Ratio for the year ending December 31, 2023: 0.32

Ningbo Techmation Co.,Ltd. Debt to Equity Ratio is 0.32 for the year ending December 31, 2023, a -23.59% 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 Techmation Co.,Ltd. Debt to Equity Ratio for the year ending December 31, 2022 was 0.41, a -15.08% change year over year.
Ningbo Techmation Co.,Ltd. Debt to Equity Ratio for the year ending December 31, 2021 was 0.49, a 37.89% change year over year.
Ningbo Techmation Co.,Ltd. Debt to Equity Ratio for the year ending December 31, 2020 was 0.35, a 48.95% change year over year.
Ningbo Techmation Co.,Ltd. Debt to Equity Ratio for the year ending December 31, 2019 was 0.24, a 74.93% 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: 603015.SS

Ningbo Techmation Co.,Ltd.

CEO	Ms. Minghui Xiong
IPO Date	March 3, 2015
Location	China
Headquarters	No. 88, Dagang 5th Road
Employees	705
Sector	Industrials
Industries Machinery Plastics

Description

Ningbo Techmation Co.,Ltd. offers industrial automation solutions to the plastic machinery industry in China and internationally. It provides industrial automation products, including plastic machinery control systems, other control systems, intelligent controllers, etc.; and drive system products, which consists hydraulic servo systems, electric servo system assemblies, and other servo drives and inverters, as well as other related components. The company also offers Internet of Things software, such as the plastic machine network management system iNet, plastic processing information management cloud platform, and intelligent agricultural management system; and renewable new energy solutions. Ningbo Techmation Co.,Ltd. was founded in 1984 and is headquartered in Ningbo, China.

Key trends

Past 5 years