Ningbo Xusheng Group Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Xusheng Group has a total shareholder equity of CN¥6.4B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 36.3%. Its total assets and total liabilities are CN¥10.7B and CN¥4.3B respectively. Ningbo Xusheng Group's EBIT is CN¥692.0M making its interest coverage ratio -746.8. It has cash and short-term investments of CN¥2.7B.
Key information
36.3%
Debt to equity ratio
CN¥2.33b
Debt
Interest coverage ratio | -746.8x |
Cash | CN¥2.65b |
Equity | CN¥6.42b |
Total liabilities | CN¥4.32b |
Total assets | CN¥10.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603305's short term assets (CN¥5.1B) exceed its short term liabilities (CN¥2.9B).
Long Term Liabilities: 603305's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥1.4B).
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 32.4% to 36.3% over the past 5 years.
Debt Coverage: 603305's debt is well covered by operating cash flow (44.2%).
Interest Coverage: 603305 earns more interest than it pays, so coverage of interest payments is not a concern.