Xiamen ITG GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Xiamen ITG GroupLtd has a total shareholder equity of CN¥41.4B and total debt of CN¥39.3B, which brings its debt-to-equity ratio to 94.8%. Its total assets and total liabilities are CN¥147.8B and CN¥106.4B respectively. Xiamen ITG GroupLtd's EBIT is CN¥1.7B making its interest coverage ratio -10.6. It has cash and short-term investments of CN¥23.8B.
Key information
94.8%
Debt to equity ratio
CN¥39.29b
Debt
Interest coverage ratio | -10.6x |
Cash | CN¥23.75b |
Equity | CN¥41.44b |
Total liabilities | CN¥106.37b |
Total assets | CN¥147.82b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600755's short term assets (CN¥121.2B) exceed its short term liabilities (CN¥98.4B).
Long Term Liabilities: 600755's short term assets (CN¥121.2B) exceed its long term liabilities (CN¥8.0B).
Debt to Equity History and Analysis
Debt Level: 600755's net debt to equity ratio (37.5%) is considered satisfactory.
Reducing Debt: 600755's debt to equity ratio has increased from 83.8% to 94.8% over the past 5 years.
Debt Coverage: 600755's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: 600755 earns more interest than it pays, so coverage of interest payments is not a concern.