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¥81.9M, which brings its debt-to-equity ratio to 7.3%. Its total assets and total liabilities are CN¥2.7B and CN¥1.6B respectively. Zhejiang XinchaiLtd's EBIT is CN¥24.8M making its interest coverage ratio -2.3. It has cash and short-term investments of CN¥565.2M.
Key information
7.3%
Debt to equity ratio
CN¥81.89m
Debt
| Interest coverage ratio | -2.3x |
| Cash | CN¥565.21m |
| Equity | CN¥1.12b |
| Total liabilities | CN¥1.62b |
| Total assets | CN¥2.74b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301032's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 301032's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥75.0M).
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 21.9% to 7.3% 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.