Xiangtan Electric Manufacturing Balance Sheet Health
Financial Health criteria checks 5/6
Xiangtan Electric Manufacturing has a total shareholder equity of CN¥7.2B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 37.6%. Its total assets and total liabilities are CN¥14.4B and CN¥7.2B respectively. Xiangtan Electric Manufacturing's EBIT is CN¥283.8M making its interest coverage ratio 17.3. It has cash and short-term investments of CN¥2.5B.
Key information
37.6%
Debt to equity ratio
CN¥2.72b
Debt
| Interest coverage ratio | 17.3x |
| Cash | CN¥2.54b |
| Equity | CN¥7.24b |
| Total liabilities | CN¥7.19b |
| Total assets | CN¥14.44b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600416's short term assets (CN¥10.0B) exceed its short term liabilities (CN¥5.9B).
Long Term Liabilities: 600416's short term assets (CN¥10.0B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 600416's net debt to equity ratio (2.6%) is considered satisfactory.
Reducing Debt: 600416's debt to equity ratio has reduced from 129.7% to 37.6% over the past 5 years.
Debt Coverage: 600416's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: 600416's interest payments on its debt are well covered by EBIT (17.3x coverage).