Xinjiang Communications Construction Group Balance Sheet Health
Financial Health criteria checks 3/6
Xinjiang Communications Construction Group has a total shareholder equity of CN¥4.7B and total debt of CN¥6.9B, which brings its debt-to-equity ratio to 146.5%. Its total assets and total liabilities are CN¥17.9B and CN¥13.1B respectively. Xinjiang Communications Construction Group's EBIT is CN¥551.3M making its interest coverage ratio 8.9. It has cash and short-term investments of CN¥2.7B.
Key information
146.5%
Debt to equity ratio
CN¥6.93b
Debt
Interest coverage ratio | 8.9x |
Cash | CN¥2.65b |
Equity | CN¥4.73b |
Total liabilities | CN¥13.15b |
Total assets | CN¥17.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002941's short term assets (CN¥8.9B) exceed its short term liabilities (CN¥7.5B).
Long Term Liabilities: 002941's short term assets (CN¥8.9B) exceed its long term liabilities (CN¥5.7B).
Debt to Equity History and Analysis
Debt Level: 002941's net debt to equity ratio (90.5%) is considered high.
Reducing Debt: 002941's debt to equity ratio has increased from 132.4% to 146.5% over the past 5 years.
Debt Coverage: 002941's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002941's interest payments on its debt are well covered by EBIT (8.9x coverage).