Zhejiang XinchaiLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang XinchaiLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥60.0M, which brings its debt-to-equity ratio to 5.3%. Its total assets and total liabilities are CN¥2.6B and CN¥1.5B respectively. Zhejiang XinchaiLtd's EBIT is CN¥66.2M making its interest coverage ratio -6.6. It has cash and short-term investments of CN¥495.3M.
Key information
5.3%
Debt to equity ratio
CN¥60.05m
Debt
| Interest coverage ratio | -6.6x |
| Cash | CN¥495.29m |
| Equity | CN¥1.14b |
| Total liabilities | CN¥1.49b |
| Total assets | CN¥2.64b |
Recent financial health updates
No updates
Recent updates
Zhejiang Xinchai Co.,Ltd's (SZSE:301032) Shareholders Might Be Looking For Exit
Sep 30
Returns On Capital Signal Tricky Times Ahead For Zhejiang XinchaiLtd (SZSE:301032)
Aug 01Earnings Not Telling The Story For Zhejiang Xinchai Co.,Ltd (SZSE:301032)
Jun 07There May Be Underlying Issues With The Quality Of Zhejiang XinchaiLtd's (SZSE:301032) Earnings
Apr 30Improved Revenues Required Before Zhejiang Xinchai Co.,Ltd (SZSE:301032) Stock's 31% Jump Looks Justified
Mar 07Financial Position Analysis
Short Term Liabilities: 301032's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 301032's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥70.8M).
Debt to Equity History and Analysis
Debt Level: 301032 has more cash than its total debt.
Reducing Debt: 301032's debt to equity ratio has reduced from 20.5% to 5.3% over the past 5 years.
Debt Coverage: 301032's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301032 earns more interest than it pays, so coverage of interest payments is not a concern.