Ningbo Xusheng Group Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Xusheng Group has a total shareholder equity of CN¥6.5B and total debt of CN¥5.1B, which brings its debt-to-equity ratio to 79%. Its total assets and total liabilities are CN¥13.7B and CN¥7.1B respectively. Ningbo Xusheng Group's EBIT is CN¥602.5M making its interest coverage ratio -124.5. It has cash and short-term investments of CN¥5.7B.
Key information
79.0%
Debt to equity ratio
CN¥5.15b
Debt
| Interest coverage ratio | -124.5x |
| Cash | CN¥5.74b |
| Equity | CN¥6.51b |
| Total liabilities | CN¥7.14b |
| Total assets | CN¥13.66b |
Recent financial health updates
Recent updates
Ningbo Xusheng Group Co., Ltd. (SHSE:603305) Doing What It Can To Lift Shares
Oct 11
Some Ningbo Xusheng Group Co., Ltd. (SHSE:603305) Analysts Just Made A Major Cut To Next Year's Estimates
Sep 02Be Wary Of Ningbo Xusheng Group (SHSE:603305) And Its Returns On Capital
Jul 16Ningbo Xusheng Group Co., Ltd.'s (SHSE:603305) Low P/E No Reason For Excitement
Jun 26Here's Why Ningbo Xusheng Group (SHSE:603305) Has A Meaningful Debt Burden
May 21Analysts Just Shaved Their Ningbo Xusheng Group Co., Ltd. (SHSE:603305) Forecasts Dramatically
May 01Capital Allocation Trends At Ningbo Xusheng Group (SHSE:603305) Aren't Ideal
Apr 16Ningbo Xusheng Group Co., Ltd. (SHSE:603305) Surges 26% Yet Its Low P/E Is No Reason For Excitement
Mar 07Financial Position Analysis
Short Term Liabilities: 603305's short term assets (CN¥8.1B) exceed its short term liabilities (CN¥3.8B).
Long Term Liabilities: 603305's short term assets (CN¥8.1B) exceed its long term liabilities (CN¥3.3B).
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 34% to 79% over the past 5 years.
Debt Coverage: 603305's debt is well covered by operating cash flow (23.8%).
Interest Coverage: 603305 earns more interest than it pays, so coverage of interest payments is not a concern.