Xinzhi Group Balance Sheet Health
Financial Health criteria checks 5/6
Xinzhi Group has a total shareholder equity of CN¥3.5B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 80.9%. Its total assets and total liabilities are CN¥9.9B and CN¥6.4B respectively. Xinzhi Group's EBIT is CN¥263.0M making its interest coverage ratio -6.6. It has cash and short-term investments of CN¥2.1B.
Key information
80.9%
Debt to equity ratio
CN¥2.80b
Debt
| Interest coverage ratio | -6.6x |
| Cash | CN¥2.11b |
| Equity | CN¥3.46b |
| Total liabilities | CN¥6.40b |
| Total assets | CN¥9.86b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002664's short term assets (CN¥5.4B) exceed its short term liabilities (CN¥4.7B).
Long Term Liabilities: 002664's short term assets (CN¥5.4B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 002664's net debt to equity ratio (19.8%) is considered satisfactory.
Reducing Debt: 002664's debt to equity ratio has increased from 7.6% to 80.9% over the past 5 years.
Debt Coverage: 002664's debt is well covered by operating cash flow (20.8%).
Interest Coverage: 002664 earns more interest than it pays, so coverage of interest payments is not a concern.