China XD Electric Balance Sheet Health
Financial Health criteria checks 5/6
China XD Electric has a total shareholder equity of CN¥24.6B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 5.1%. Its total assets and total liabilities are CN¥43.6B and CN¥19.0B respectively. China XD Electric's EBIT is CN¥893.5M making its interest coverage ratio -4.8. It has cash and short-term investments of CN¥10.3B.
Key information
5.1%
Debt to equity ratio
CN¥1.26b
Debt
Interest coverage ratio | -4.8x |
Cash | CN¥10.32b |
Equity | CN¥24.63b |
Total liabilities | CN¥18.98b |
Total assets | CN¥43.61b |
Recent financial health updates
China XD Electric (SHSE:601179) Seems To Use Debt Rather Sparingly
Jul 18Is China XD Electric (SHSE:601179) A Risky Investment?
Mar 19Recent updates
China XD Electric (SHSE:601179) Seems To Use Debt Rather Sparingly
Jul 18Here's Why We Think China XD Electric (SHSE:601179) Is Well Worth Watching
Jun 13Returns On Capital Are Showing Encouraging Signs At China XD Electric (SHSE:601179)
May 28Additional Considerations Required While Assessing China XD Electric's (SHSE:601179) Strong Earnings
May 06Subdued Growth No Barrier To China XD Electric Co., Ltd (SHSE:601179) With Shares Advancing 27%
Apr 15Is China XD Electric (SHSE:601179) A Risky Investment?
Mar 19China XD Electric (SHSE:601179) Has Some Way To Go To Become A Multi-Bagger
Feb 27Financial Position Analysis
Short Term Liabilities: 601179's short term assets (CN¥30.8B) exceed its short term liabilities (CN¥17.1B).
Long Term Liabilities: 601179's short term assets (CN¥30.8B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 601179 has more cash than its total debt.
Reducing Debt: 601179's debt to equity ratio has increased from 2.9% to 5.1% over the past 5 years.
Debt Coverage: 601179's debt is well covered by operating cash flow (266.9%).
Interest Coverage: 601179 earns more interest than it pays, so coverage of interest payments is not a concern.