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 79.9%. Its total assets and total liabilities are CN¥10.1B and CN¥6.6B respectively. Xinzhi Group's EBIT is CN¥170.9M making its interest coverage ratio -5. It has cash and short-term investments of CN¥1.4B.
Key information
79.9%
Debt to equity ratio
CN¥2.76b
Debt
| Interest coverage ratio | -5x |
| Cash | CN¥1.38b |
| Equity | CN¥3.45b |
| Total liabilities | CN¥6.61b |
| Total assets | CN¥10.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002664's short term assets (CN¥5.5B) exceed its short term liabilities (CN¥4.9B).
Long Term Liabilities: 002664's short term assets (CN¥5.5B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 002664's net debt to equity ratio (39.8%) is considered satisfactory.
Reducing Debt: 002664's debt to equity ratio has increased from 7% to 79.9% over the past 5 years.
Debt Coverage: 002664's debt is well covered by operating cash flow (21.4%).
Interest Coverage: 002664 earns more interest than it pays, so coverage of interest payments is not a concern.