Zhejiang XCC GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang XCC GroupLtd has a total shareholder equity of CN¥3.0B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 38%. Its total assets and total liabilities are CN¥5.2B and CN¥2.2B respectively. Zhejiang XCC GroupLtd's EBIT is CN¥155.3M making its interest coverage ratio 5.8. It has cash and short-term investments of CN¥738.0M.
Key information
38.0%
Debt to equity ratio
CN¥1.15b
Debt
| Interest coverage ratio | 5.8x |
| Cash | CN¥738.00m |
| Equity | CN¥3.01b |
| Total liabilities | CN¥2.18b |
| Total assets | CN¥5.20b |
Recent financial health updates
Zhejiang XCC GroupLtd (SHSE:603667) Has A Somewhat Strained Balance Sheet
Aug 08
Zhejiang XCC GroupLtd (SHSE:603667) Takes On Some Risk With Its Use Of Debt
Feb 28Recent updates
Zhejiang XCC GroupLtd (SHSE:603667) Has A Somewhat Strained Balance Sheet
Aug 08What You Can Learn From Zhejiang XCC Group Co.,Ltd's (SHSE:603667) P/E After Its 26% Share Price Crash
Jul 18Zhejiang XCC Group Co.,Ltd's (SHSE:603667) Intrinsic Value Is Potentially 21% Below Its Share Price
May 22Some Investors May Be Willing To Look Past Zhejiang XCC GroupLtd's (SHSE:603667) Soft Earnings
May 03Investors Appear Satisfied With Zhejiang XCC Group Co.,Ltd's (SHSE:603667) Prospects As Shares Rocket 53%
Mar 17Zhejiang XCC GroupLtd (SHSE:603667) Takes On Some Risk With Its Use Of Debt
Feb 28Financial Position Analysis
Short Term Liabilities: 603667's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 603667's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥319.3M).
Debt to Equity History and Analysis
Debt Level: 603667's net debt to equity ratio (13.5%) is considered satisfactory.
Reducing Debt: 603667's debt to equity ratio has increased from 29.7% to 38% over the past 5 years.
Debt Coverage: 603667's debt is well covered by operating cash flow (24.3%).
Interest Coverage: 603667's interest payments on its debt are well covered by EBIT (5.8x coverage).