Xiangyang BOYA Precision Industrial Equipments Balance Sheet Health
Financial Health criteria checks 6/6
Xiangyang BOYA Precision Industrial Equipments has a total shareholder equity of CN¥1.0B and total debt of CN¥50.0M, which brings its debt-to-equity ratio to 5%. Its total assets and total liabilities are CN¥1.3B and CN¥256.7M respectively. Xiangyang BOYA Precision Industrial Equipments's EBIT is CN¥53.3M making its interest coverage ratio -9.8. It has cash and short-term investments of CN¥380.3M.
Key information
5.0%
Debt to equity ratio
CN¥50.00m
Debt
| Interest coverage ratio | -9.8x |
| Cash | CN¥380.25m |
| Equity | CN¥1.01b |
| Total liabilities | CN¥256.66m |
| Total assets | CN¥1.27b |
Recent financial health updates
No updates
Recent updates
Investors Aren't Buying Xiangyang BOYA Precision Industrial Equipments Co., Ltd's (SZSE:300971) Earnings
Jul 01
Xiangyang BOYA Precision Industrial Equipments (SZSE:300971) Is Due To Pay A Dividend Of CN¥0.25
Jun 02There's No Escaping Xiangyang BOYA Precision Industrial Equipments Co., Ltd's (SZSE:300971) Muted Earnings Despite A 35% Share Price Rise
Mar 07Financial Position Analysis
Short Term Liabilities: 300971's short term assets (CN¥799.8M) exceed its short term liabilities (CN¥218.2M).
Long Term Liabilities: 300971's short term assets (CN¥799.8M) exceed its long term liabilities (CN¥38.5M).
Debt to Equity History and Analysis
Debt Level: 300971 has more cash than its total debt.
Reducing Debt: 300971's debt to equity ratio has reduced from 9.4% to 5% over the past 5 years.
Debt Coverage: 300971's debt is well covered by operating cash flow (97%).
Interest Coverage: 300971 earns more interest than it pays, so coverage of interest payments is not a concern.