Ningbo Xusheng Group Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Xusheng Group has a total shareholder equity of CN¥6.1B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 33.5%. Its total assets and total liabilities are CN¥10.0B and CN¥3.9B respectively. Ningbo Xusheng Group's EBIT is CN¥834.4M making its interest coverage ratio -42.2. It has cash and short-term investments of CN¥2.4B.
Key information
33.5%
Debt to equity ratio
CN¥2.05b
Debt
Interest coverage ratio | -42.2x |
Cash | CN¥2.42b |
Equity | CN¥6.11b |
Total liabilities | CN¥3.86b |
Total assets | CN¥9.97b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603305's short term assets (CN¥4.9B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 603305's short term assets (CN¥4.9B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 603305 has more cash than its total debt.
Reducing Debt: 603305's debt to equity ratio has increased from 11.4% to 33.5% over the past 5 years.
Debt Coverage: 603305's debt is well covered by operating cash flow (41.3%).
Interest Coverage: 603305 earns more interest than it pays, so coverage of interest payments is not a concern.