Xizi Clean Energy Equipment Manufacturing Balance Sheet Health
Financial Health criteria checks 5/6
Xizi Clean Energy Equipment Manufacturing has a total shareholder equity of CN¥4.7B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 40.4%. Its total assets and total liabilities are CN¥15.3B and CN¥10.7B respectively. Xizi Clean Energy Equipment Manufacturing's EBIT is CN¥304.6M making its interest coverage ratio -0.8. It has cash and short-term investments of CN¥3.1B.
Key information
40.4%
Debt to equity ratio
CN¥1.88b
Debt
| Interest coverage ratio | -0.8x |
| Cash | CN¥3.07b |
| Equity | CN¥4.67b |
| Total liabilities | CN¥10.67b |
| Total assets | CN¥15.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002534's short term assets (CN¥10.1B) exceed its short term liabilities (CN¥8.3B).
Long Term Liabilities: 002534's short term assets (CN¥10.1B) exceed its long term liabilities (CN¥2.4B).
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 2.3% to 40.4% over the past 5 years.
Debt Coverage: 002534's debt is well covered by operating cash flow (35.6%).
Interest Coverage: 002534 earns more interest than it pays, so coverage of interest payments is not a concern.