Nantong Xingqiu GraphiteLtd Balance Sheet Health
Financial Health criteria checks 4/6
Nantong Xingqiu GraphiteLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥617.5M, which brings its debt-to-equity ratio to 39.9%. Its total assets and total liabilities are CN¥2.9B and CN¥1.3B respectively. Nantong Xingqiu GraphiteLtd's EBIT is CN¥166.4M making its interest coverage ratio -38. It has cash and short-term investments of CN¥866.7M.
Key information
39.9%
Debt to equity ratio
CN¥617.47m
Debt
| Interest coverage ratio | -38x |
| Cash | CN¥866.67m |
| Equity | CN¥1.55b |
| Total liabilities | CN¥1.31b |
| Total assets | CN¥2.86b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688633's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥704.5M).
Long Term Liabilities: 688633's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥602.9M).
Debt to Equity History and Analysis
Debt Level: 688633 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 688633's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 688633's debt is not well covered by operating cash flow (13.8%).
Interest Coverage: 688633 earns more interest than it pays, so coverage of interest payments is not a concern.