Xizi Clean Energy Equipment Manufacturing Balance Sheet Health
Financial Health criteria checks 4/6
Xizi Clean Energy Equipment Manufacturing has a total shareholder equity of CN¥4.6B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 56.7%. Its total assets and total liabilities are CN¥15.7B and CN¥11.2B respectively. Xizi Clean Energy Equipment Manufacturing's EBIT is CN¥188.7M making its interest coverage ratio -0.6. It has cash and short-term investments of CN¥3.5B.
Key information
56.7%
Debt to equity ratio
CN¥2.59b
Debt
Interest coverage ratio | -0.6x |
Cash | CN¥3.48b |
Equity | CN¥4.57b |
Total liabilities | CN¥11.18b |
Total assets | CN¥15.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002534's short term assets (CN¥10.5B) exceed its short term liabilities (CN¥8.8B).
Long Term Liabilities: 002534's short term assets (CN¥10.5B) exceed its long term liabilities (CN¥2.3B).
Debt to Equity History and Analysis
Debt Level: 002534 has more cash than its total debt.
Reducing Debt: 002534's debt to equity ratio has increased from 1.9% to 56.7% over the past 5 years.
Debt Coverage: 002534's debt is not well covered by operating cash flow (3.9%).
Interest Coverage: 002534 earns more interest than it pays, so coverage of interest payments is not a concern.