Xiangtan Electric Manufacturing Balance Sheet Health
Financial Health criteria checks 5/6
Xiangtan Electric Manufacturing has a total shareholder equity of CN¥7.3B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 35.8%. Its total assets and total liabilities are CN¥14.3B and CN¥7.0B respectively. Xiangtan Electric Manufacturing's EBIT is CN¥247.0M making its interest coverage ratio 9.9. It has cash and short-term investments of CN¥2.1B.
Key information
35.8%
Debt to equity ratio
CN¥2.61b
Debt
Interest coverage ratio | 9.9x |
Cash | CN¥2.14b |
Equity | CN¥7.30b |
Total liabilities | CN¥7.01b |
Total assets | CN¥14.32b |
Recent financial health updates
Recent updates
Why 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¥9.9B) exceed its short term liabilities (CN¥5.9B).
Long Term Liabilities: 600416's short term assets (CN¥9.9B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 600416's net debt to equity ratio (6.4%) is considered satisfactory.
Reducing Debt: 600416's debt to equity ratio has reduced from 135.1% to 35.8% over the past 5 years.
Debt Coverage: 600416's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: 600416's interest payments on its debt are well covered by EBIT (9.9x coverage).