XTC New Energy Materials(Xiamen)Ltd Balance Sheet Health
Financial Health criteria checks 6/6
XTC New Energy Materials(Xiamen)Ltd has a total shareholder equity of CN¥8.9B and total debt of CN¥947.6M, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are CN¥14.6B and CN¥5.7B respectively. XTC New Energy Materials(Xiamen)Ltd's EBIT is CN¥426.4M making its interest coverage ratio -10.4. It has cash and short-term investments of CN¥2.1B.
Key information
10.7%
Debt to equity ratio
CN¥947.60m
Debt
Interest coverage ratio | -10.4x |
Cash | CN¥2.08b |
Equity | CN¥8.89b |
Total liabilities | CN¥5.73b |
Total assets | CN¥14.61b |
Recent financial health updates
Does XTC New Energy Materials(Xiamen)Ltd (SHSE:688778) Have A Healthy Balance Sheet?
Dec 16Is XTC New Energy Materials(Xiamen)Ltd (SHSE:688778) Using Too Much Debt?
Jul 12Recent updates
Does XTC New Energy Materials(Xiamen)Ltd (SHSE:688778) Have A Healthy Balance Sheet?
Dec 16XTC New Energy Materials(Xiamen)Ltd's (SHSE:688778) Weak Earnings May Only Reveal A Part Of The Whole Picture
Nov 02XTC New Energy Materials(Xiamen) Co.,Ltd. (SHSE:688778) Soars 51% But It's A Story Of Risk Vs Reward
Oct 09XTC New Energy Materials(Xiamen)Ltd (SHSE:688778) Will Want To Turn Around Its Return Trends
Oct 07Market Still Lacking Some Conviction On XTC New Energy Materials(Xiamen) Co.,Ltd. (SHSE:688778)
Aug 25Is XTC New Energy Materials(Xiamen)Ltd (SHSE:688778) Using Too Much Debt?
Jul 12XTC New Energy Materials(Xiamen)Ltd's (SHSE:688778) Shareholders Have More To Worry About Than Only Soft Earnings
Apr 24Analysts Are More Bearish On XTC New Energy Materials(Xiamen) Co.,Ltd. (SHSE:688778) Than They Used To Be
Apr 21XTC New Energy Materials(Xiamen) Co.,Ltd.'s (SHSE:688778) Subdued P/E Might Signal An Opportunity
Apr 18XTC New Energy Materials(Xiamen)Ltd (SHSE:688778) Will Be Hoping To Turn Its Returns On Capital Around
Mar 28Financial Position Analysis
Short Term Liabilities: 688778's short term assets (CN¥8.6B) exceed its short term liabilities (CN¥5.1B).
Long Term Liabilities: 688778's short term assets (CN¥8.6B) exceed its long term liabilities (CN¥632.2M).
Debt to Equity History and Analysis
Debt Level: 688778 has more cash than its total debt.
Reducing Debt: 688778's debt to equity ratio has reduced from 133.2% to 10.7% over the past 5 years.
Debt Coverage: 688778's debt is well covered by operating cash flow (248.4%).
Interest Coverage: 688778 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) |
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Company Analysis | 2025/01/02 02:46 |
End of Day Share Price | 2025/01/02 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 * |
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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
XTC New Energy Materials(Xiamen) Co.,Ltd. is covered by 5 analysts. 4 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 |
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Weiqi Wang | Guosen Securities Co., Ltd. |
Jianguo Shen | Huatai Research |
Shuai Wang | Industrial Securities Co. Ltd. |