Xiangyang Changyuandonggu Industry Balance Sheet Health
Financial Health criteria checks 6/6
Xiangyang Changyuandonggu Industry has a total shareholder equity of CN¥2.5B and total debt of CN¥776.5M, which brings its debt-to-equity ratio to 30.7%. Its total assets and total liabilities are CN¥4.7B and CN¥2.2B respectively. Xiangyang Changyuandonggu Industry's EBIT is CN¥205.7M making its interest coverage ratio -11. It has cash and short-term investments of CN¥554.5M.
Key information
30.7%
Debt to equity ratio
CN¥776.51m
Debt
Interest coverage ratio | -11x |
Cash | CN¥554.46m |
Equity | CN¥2.53b |
Total liabilities | CN¥2.19b |
Total assets | CN¥4.72b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603950's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 603950's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 603950's net debt to equity ratio (8.8%) is considered satisfactory.
Reducing Debt: 603950's debt to equity ratio has reduced from 112.1% to 30.7% over the past 5 years.
Debt Coverage: 603950's debt is well covered by operating cash flow (33.3%).
Interest Coverage: 603950 earns more interest than it pays, so coverage of interest payments is not a concern.