Ningbo Xusheng Group Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Xusheng Group has a total shareholder equity of CN¥6.6B and total debt of CN¥4.8B, which brings its debt-to-equity ratio to 73.6%. Its total assets and total liabilities are CN¥13.3B and CN¥6.8B respectively. Ningbo Xusheng Group's EBIT is CN¥530.2M making its interest coverage ratio 46.6. It has cash and short-term investments of CN¥5.4B.
Key information
73.6%
Debt to equity ratio
CN¥4.84b
Debt
| Interest coverage ratio | 46.6x |
| Cash | CN¥5.38b |
| Equity | CN¥6.57b |
| Total liabilities | CN¥6.77b |
| Total assets | CN¥13.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603305's short term assets (CN¥7.7B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 603305's short term assets (CN¥7.7B) exceed its long term liabilities (CN¥3.7B).
Debt to Equity History and Analysis
Debt Level: 603305 has more cash than its total debt.
Reducing Debt: 603305's debt to equity ratio has increased from 26.3% to 73.6% over the past 5 years.
Debt Coverage: 603305's debt is well covered by operating cash flow (23.5%).
Interest Coverage: 603305's interest payments on its debt are well covered by EBIT (46.6x coverage).