Xiangtan Electric Manufacturing Balance Sheet Health
Financial Health criteria checks 5/6
Xiangtan Electric Manufacturing has a total shareholder equity of CN¥7.4B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 27.8%. Its total assets and total liabilities are CN¥14.3B and CN¥6.9B respectively. Xiangtan Electric Manufacturing's EBIT is CN¥127.5M making its interest coverage ratio -36.4. It has cash and short-term investments of CN¥1.7B.
Key information
27.8%
Debt to equity ratio
CN¥2.06b
Debt
| Interest coverage ratio | -36.4x |
| Cash | CN¥1.66b |
| Equity | CN¥7.41b |
| Total liabilities | CN¥6.93b |
| Total assets | CN¥14.34b |
Recent financial health updates
These 4 Measures Indicate That Xiangtan Electric Manufacturing (SHSE:600416) Is Using Debt Extensively
Oct 31
Does Xiangtan Electric Manufacturing (SHSE:600416) Have A Healthy Balance Sheet?
Jul 22Is Xiangtan Electric Manufacturing (SHSE:600416) A Risky Investment?
Mar 25Recent updates
Xiangtan Electric Manufacturing Co. Ltd. (SHSE:600416) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected
Nov 11These 4 Measures Indicate That Xiangtan Electric Manufacturing (SHSE:600416) Is Using Debt Extensively
Oct 31Xiangtan Electric Manufacturing Co. Ltd.'s (SHSE:600416) Share Price Not Quite Adding Up
Sep 24Xiangtan Electric Manufacturing's (SHSE:600416) Shareholders Have More To Worry About Than Only Soft Earnings
Sep 06Xiangtan Electric Manufacturing (SHSE:600416) Is Experiencing Growth In Returns On Capital
Aug 27Does Xiangtan Electric Manufacturing (SHSE:600416) Have A Healthy Balance Sheet?
Jul 22Why Investors Shouldn't Be Surprised By Xiangtan Electric Manufacturing Co. Ltd.'s (SHSE:600416) P/E
Jun 25The Return Trends At Xiangtan Electric Manufacturing (SHSE:600416) Look Promising
Apr 15Is Xiangtan Electric Manufacturing (SHSE:600416) A Risky Investment?
Mar 25Investors Appear Satisfied With Xiangtan Electric Manufacturing Co. Ltd.'s (SHSE:600416) Prospects As Shares Rocket 29%
Mar 06Financial Position Analysis
Short Term Liabilities: 600416's short term assets (CN¥10.0B) exceed its short term liabilities (CN¥5.7B).
Long Term Liabilities: 600416's short term assets (CN¥10.0B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 600416's net debt to equity ratio (5.4%) is considered satisfactory.
Reducing Debt: 600416's debt to equity ratio has reduced from 150% to 27.8% over the past 5 years.
Debt Coverage: 600416's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600416 earns more interest than it pays, so coverage of interest payments is not a concern.