Xinjiang Communications Construction Group Balance Sheet Health
Financial Health criteria checks 3/6
Xinjiang Communications Construction Group has a total shareholder equity of CN¥4.7B and total debt of CN¥6.8B, which brings its debt-to-equity ratio to 143.3%. Its total assets and total liabilities are CN¥19.4B and CN¥14.6B respectively. Xinjiang Communications Construction Group's EBIT is CN¥563.2M making its interest coverage ratio 11. It has cash and short-term investments of CN¥3.9B.
Key information
143.3%
Debt to equity ratio
CN¥6.81b
Debt
| Interest coverage ratio | 11x |
| Cash | CN¥3.95b |
| Equity | CN¥4.75b |
| Total liabilities | CN¥14.61b |
| Total assets | CN¥19.36b |
Financial Position Analysis
Short Term Liabilities: 002941's short term assets (CN¥10.4B) exceed its short term liabilities (CN¥9.0B).
Long Term Liabilities: 002941's short term assets (CN¥10.4B) exceed its long term liabilities (CN¥5.6B).
Debt to Equity History and Analysis
Debt Level: 002941's net debt to equity ratio (60.2%) is considered high.
Reducing Debt: 002941's debt to equity ratio has increased from 113.1% to 143.3% over the past 5 years.
Debt Coverage: 002941's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002941's interest payments on its debt are well covered by EBIT (11x coverage).