Xiangtan Electric Manufacturing Balance Sheet Health
Financial Health criteria checks 5/6
Xiangtan Electric Manufacturing has a total shareholder equity of CN¥7.4B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 27.8%. Its total assets and total liabilities are CN¥14.3B and CN¥6.9B respectively. Xiangtan Electric Manufacturing's EBIT is CN¥127.5M making its interest coverage ratio -36.4. It has cash and short-term investments of CN¥1.7B.
Key information
27.8%
Debt to equity ratio
CN¥2.06b
Debt
| Interest coverage ratio | -36.4x |
| Cash | CN¥1.66b |
| Equity | CN¥7.41b |
| Total liabilities | CN¥6.93b |
| Total assets | CN¥14.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600416's short term assets (CN¥10.0B) exceed its short term liabilities (CN¥5.7B).
Long Term Liabilities: 600416's short term assets (CN¥10.0B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 600416's net debt to equity ratio (5.4%) is considered satisfactory.
Reducing Debt: 600416's debt to equity ratio has reduced from 150% to 27.8% over the past 5 years.
Debt Coverage: 600416's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600416 earns more interest than it pays, so coverage of interest payments is not a concern.