China XD Electric Balance Sheet Health
Financial Health criteria checks 6/6
China XD Electric has a total shareholder equity of CN¥24.7B and total debt of CN¥680.3M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are CN¥45.6B and CN¥20.9B respectively. China XD Electric's EBIT is CN¥1.3B making its interest coverage ratio -4.5. It has cash and short-term investments of CN¥9.5B.
Key information
2.7%
Debt to equity ratio
CN¥680.33m
Debt
| Interest coverage ratio | -4.5x |
| Cash | CN¥9.48b |
| Equity | CN¥24.75b |
| Total liabilities | CN¥20.90b |
| Total assets | CN¥45.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601179's short term assets (CN¥32.0B) exceed its short term liabilities (CN¥19.2B).
Long Term Liabilities: 601179's short term assets (CN¥32.0B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 601179 has more cash than its total debt.
Reducing Debt: 601179's debt to equity ratio has reduced from 3.1% to 2.7% over the past 5 years.
Debt Coverage: 601179's debt is well covered by operating cash flow (540%).
Interest Coverage: 601179 earns more interest than it pays, so coverage of interest payments is not a concern.