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
Recent updates
Xiamen Solex High-tech Industries (SHSE:603992) May Have Issues Allocating Its Capital
Oct 28
Xiamen 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.