Xiamen Sunrise Group Balance Sheet Health
Financial Health criteria checks 4/6
Xiamen Sunrise Group has a total shareholder equity of CN¥2.4B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 51.3%. Its total assets and total liabilities are CN¥4.5B and CN¥2.1B respectively. Xiamen Sunrise Group's EBIT is CN¥79.5M making its interest coverage ratio 2.7. It has cash and short-term investments of CN¥628.4M.
Key information
51.3%
Debt to equity ratio
CN¥1.23b
Debt
| Interest coverage ratio | 2.7x |
| Cash | CN¥628.38m |
| Equity | CN¥2.39b |
| Total liabilities | CN¥2.12b |
| Total assets | CN¥4.52b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002593's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 002593's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥280.3M).
Debt to Equity History and Analysis
Debt Level: 002593's net debt to equity ratio (25%) is considered satisfactory.
Reducing Debt: 002593's debt to equity ratio has increased from 39.1% to 51.3% over the past 5 years.
Debt Coverage: 002593's debt is well covered by operating cash flow (30.5%).
Interest Coverage: 002593's interest payments on its debt are not well covered by EBIT (2.7x coverage).