XTC New Energy Materials(Xiamen) Co.,Ltd.

SHSE:688778 Stock Report

Market Cap: CN¥15.3b

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
CashCN¥2.08b
EquityCN¥8.89b
Total liabilitiesCN¥5.73b
Total assetsCN¥14.61b

Recent financial health updates

Recent updates

XTC New Energy Materials(Xiamen) Co.,Ltd. (SHSE:688778) Soars 51% But It's A Story Of Risk Vs Reward

Oct 09
XTC New Energy Materials(Xiamen) Co.,Ltd. (SHSE:688778) Soars 51% But It's A Story Of Risk Vs Reward

XTC New Energy Materials(Xiamen)Ltd (SHSE:688778) Will Want To Turn Around Its Return Trends

Oct 07
XTC New Energy Materials(Xiamen)Ltd (SHSE:688778) Will Want To Turn Around Its Return Trends

Market Still Lacking Some Conviction On XTC New Energy Materials(Xiamen) Co.,Ltd. (SHSE:688778)

Aug 25
Market Still Lacking Some Conviction On XTC New Energy Materials(Xiamen) Co.,Ltd. (SHSE:688778)

Is XTC New Energy Materials(Xiamen)Ltd (SHSE:688778) Using Too Much Debt?

Jul 12
Is XTC New Energy Materials(Xiamen)Ltd (SHSE:688778) Using Too Much Debt?

XTC New Energy Materials(Xiamen)Ltd's (SHSE:688778) Shareholders Have More To Worry About Than Only Soft Earnings

Apr 24
XTC New Energy Materials(Xiamen)Ltd's (SHSE:688778) Shareholders Have More To Worry About Than Only Soft Earnings

Analysts Are More Bearish On XTC New Energy Materials(Xiamen) Co.,Ltd. (SHSE:688778) Than They Used To Be

Apr 21
Analysts Are More Bearish On XTC New Energy Materials(Xiamen) Co.,Ltd. (SHSE:688778) Than They Used To Be

XTC New Energy Materials(Xiamen) Co.,Ltd.'s (SHSE:688778) Subdued P/E Might Signal An Opportunity

Apr 18
XTC New Energy Materials(Xiamen) Co.,Ltd.'s (SHSE:688778) Subdued P/E Might Signal An Opportunity

XTC New Energy Materials(Xiamen)Ltd (SHSE:688778) Will Be Hoping To Turn Its Returns On Capital Around

Mar 28
XTC New Energy Materials(Xiamen)Ltd (SHSE:688778) Will Be Hoping To Turn Its Returns On Capital Around

Financial 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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