Xiangyang Changyuandonggu Industry Balance Sheet Health
Financial Health criteria checks 6/6
Xiangyang Changyuandonggu Industry has a total shareholder equity of CN¥2.6B and total debt of CN¥769.5M, which brings its debt-to-equity ratio to 29.9%. Its total assets and total liabilities are CN¥4.8B and CN¥2.2B respectively. Xiangyang Changyuandonggu Industry's EBIT is CN¥190.8M making its interest coverage ratio 4443.6. It has cash and short-term investments of CN¥455.9M.
Key information
29.9%
Debt to equity ratio
CN¥769.53m
Debt
| Interest coverage ratio | 4443.6x |
| Cash | CN¥455.95m |
| Equity | CN¥2.58b |
| Total liabilities | CN¥2.24b |
| Total assets | CN¥4.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603950's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 603950's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 603950's net debt to equity ratio (12.2%) is considered satisfactory.
Reducing Debt: 603950's debt to equity ratio has reduced from 101% to 29.9% over the past 5 years.
Debt Coverage: 603950's debt is well covered by operating cash flow (43.6%).
Interest Coverage: 603950's interest payments on its debt are well covered by EBIT (4443.6x coverage).