XTC New Energy Materials(Xiamen)Ltd Balance Sheet Health
Financial Health criteria checks 6/6
XTC New Energy Materials(Xiamen)Ltd has a total shareholder equity of CN¥8.9B and total debt of CN¥947.6M, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are CN¥14.6B and CN¥5.7B respectively. XTC New Energy Materials(Xiamen)Ltd's EBIT is CN¥426.4M making its interest coverage ratio -10.4. It has cash and short-term investments of CN¥2.1B.
Key information
10.7%
Debt to equity ratio
CN¥947.60m
Debt
| Interest coverage ratio | -10.4x |
| Cash | CN¥2.08b |
| Equity | CN¥8.89b |
| Total liabilities | CN¥5.73b |
| Total assets | CN¥14.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688778's short term assets (CN¥8.6B) exceed its short term liabilities (CN¥5.1B).
Long Term Liabilities: 688778's short term assets (CN¥8.6B) exceed its long term liabilities (CN¥632.2M).
Debt to Equity History and Analysis
Debt Level: 688778 has more cash than its total debt.
Reducing Debt: 688778's debt to equity ratio has reduced from 133.2% to 10.7% over the past 5 years.
Debt Coverage: 688778's debt is well covered by operating cash flow (248.4%).
Interest Coverage: 688778 earns more interest than it pays, so coverage of interest payments is not a concern.