Xinzhi Group Balance Sheet Health
Financial Health criteria checks 4/6
Xinzhi Group has a total shareholder equity of CN¥3.4B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 79.1%. Its total assets and total liabilities are CN¥9.5B and CN¥6.0B respectively. Xinzhi Group's EBIT is CN¥267.6M making its interest coverage ratio -6.1. It has cash and short-term investments of CN¥1.8B.
Key information
79.1%
Debt to equity ratio
CN¥2.72b
Debt
| Interest coverage ratio | -6.1x |
| Cash | CN¥1.85b |
| Equity | CN¥3.43b |
| Total liabilities | CN¥6.03b |
| Total assets | CN¥9.46b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002664's short term assets (CN¥5.2B) exceed its short term liabilities (CN¥4.3B).
Long Term Liabilities: 002664's short term assets (CN¥5.2B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 002664's net debt to equity ratio (25.3%) is considered satisfactory.
Reducing Debt: 002664's debt to equity ratio has increased from 10% to 79.1% over the past 5 years.
Debt Coverage: 002664's debt is not well covered by operating cash flow (18.8%).
Interest Coverage: 002664 earns more interest than it pays, so coverage of interest payments is not a concern.