Nanjing Develop Advanced Manufacturing Co., Ltd.

Shanghai Stock Exchange 688377.SS

Nanjing Develop Advanced Manufacturing Co., Ltd. Interest Coverage Ratio for the year ending December 31, 2023: 25.80

Nanjing Develop Advanced Manufacturing Co., Ltd. Interest Coverage Ratio is 25.80 for the year ending December 31, 2023, a -19.26% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.

Nanjing Develop Advanced Manufacturing Co., Ltd. Interest Coverage Ratio for the year ending December 31, 2022 was 31.95, a 261.38% change year over year.
Nanjing Develop Advanced Manufacturing Co., Ltd. Interest Coverage Ratio for the year ending December 31, 2021 was 8.84, a 8.75% change year over year.
Nanjing Develop Advanced Manufacturing Co., Ltd. Interest Coverage Ratio for the year ending December 31, 2020 was 8.13, a -12.46% change year over year.
Nanjing Develop Advanced Manufacturing Co., Ltd. Interest Coverage Ratio for the year ending December 31, 2019 was 9.29, a 49.70% change year over year.

Key data

Date	Interest Coverage Ratio	Debt to Equity Ratio	Interest Expense To Sales	Inventory Turnover Ratio

Shanghai Stock Exchange: 688377.SS

Nanjing Develop Advanced Manufacturing Co., Ltd.

CEO	Mr. Li Zhang
IPO Date	July 8, 2020
Location	China
Headquarters	Zhongshan Tech Park
Employees	838
Sector	Industrials
Industries Petrochemicals Composite Materials Drilling Fracking Gas Oil & Gas Pipeline Transport Plastics

Description

Nanjing Develop Advanced Manufacturing Co., Ltd. engages in the research and development, manufacture, and marketing of parts and components for oil and gas equipment. The company produces various components, including casing heads, tubing heads, spools, fracturing bump cylinders, BOPs, various pipeline valves, and others. Its products are used in a range of areas, such as surface wellhead, subsea, drilling, shale gas fracturing, high pressure fluid transportation, and other oil and gas fields. Nanjing Develop Advanced Manufacturing Co., Ltd. is based in Nanjing, China.

Key trends

Past 5 years