Xiamen Solex High-tech Industries Balance Sheet Health
Financial Health criteria checks 5/6
Xiamen Solex High-tech Industries has a total shareholder equity of CN¥2.7B and total debt of CN¥614.0M, which brings its debt-to-equity ratio to 22.8%. Its total assets and total liabilities are CN¥4.1B and CN¥1.4B respectively. Xiamen Solex High-tech Industries's EBIT is CN¥429.6M making its interest coverage ratio -91.5. It has cash and short-term investments of CN¥1.6B.
Key information
22.8%
Debt to equity ratio
CN¥613.97m
Debt
| Interest coverage ratio | -91.5x |
| Cash | CN¥1.62b |
| Equity | CN¥2.69b |
| Total liabilities | CN¥1.42b |
| Total assets | CN¥4.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603992's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥734.7M).
Long Term Liabilities: 603992's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥683.6M).
Debt to Equity History and Analysis
Debt Level: 603992 has more cash than its total debt.
Reducing Debt: 603992's debt to equity ratio has increased from 0% to 22.8% over the past 5 years.
Debt Coverage: 603992's debt is well covered by operating cash flow (83.4%).
Interest Coverage: 603992 earns more interest than it pays, so coverage of interest payments is not a concern.