Xiamen Solex High-tech Industries Balance Sheet Health
Financial Health criteria checks 5/6
Xiamen Solex High-tech Industries has a total shareholder equity of CN¥2.7B and total debt of CN¥610.6M, which brings its debt-to-equity ratio to 22.3%. Its total assets and total liabilities are CN¥4.2B and CN¥1.4B respectively. Xiamen Solex High-tech Industries's EBIT is CN¥409.3M making its interest coverage ratio -38.6. It has cash and short-term investments of CN¥1.6B.
Key information
22.3%
Debt to equity ratio
CN¥610.59m
Debt
| Interest coverage ratio | -38.6x |
| Cash | CN¥1.62b |
| Equity | CN¥2.73b |
| Total liabilities | CN¥1.43b |
| Total assets | CN¥4.16b |
Recent financial health updates
Is Xiamen Solex High-tech Industries (SHSE:603992) Using Too Much Debt?
Nov 29
Is Xiamen Solex High-tech Industries (SHSE:603992) A Risky Investment?
Feb 27Recent updates
Is Xiamen Solex High-tech Industries (SHSE:603992) Using Too Much Debt?
Nov 29Xiamen Solex High-tech Industries (SHSE:603992) May Have Issues Allocating Its Capital
Oct 28Xiamen Solex High-tech Industries Co., Ltd. (SHSE:603992) Looks Inexpensive But Perhaps Not Attractive Enough
Sep 25The Returns On Capital At Xiamen Solex High-tech Industries (SHSE:603992) Don't Inspire Confidence
Jul 01Investors Aren't Buying Xiamen Solex High-tech Industries Co., Ltd.'s (SHSE:603992) Earnings
Jun 12Should You Be Adding Xiamen Solex High-tech Industries (SHSE:603992) To Your Watchlist Today?
May 24Xiamen Solex High-tech Industries' (SHSE:603992) Earnings May Just Be The Starting Point
May 06Is Xiamen Solex High-tech Industries (SHSE:603992) A Risky Investment?
Feb 27Financial Position Analysis
Short Term Liabilities: 603992's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥752.1M).
Long Term Liabilities: 603992's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥679.9M).
Debt to Equity History and Analysis
Debt Level: 603992 has more cash than its total debt.
Reducing Debt: 603992's debt to equity ratio has increased from 0% to 22.3% over the past 5 years.
Debt Coverage: 603992's debt is well covered by operating cash flow (97.3%).
Interest Coverage: 603992 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 12:52 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Xiamen Solex High-tech Industries Co., Ltd. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Junhao Fan | China International Capital Corporation Limited |
| Zhuonan Xu | China International Capital Corporation Limited |
| Sun-Hai Yang | Tianfeng Securities Brokerage Co., Ltd |