This company listing is no longer active
Henan Xinye Textile Balance Sheet Health
Financial Health criteria checks 0/6
Henan Xinye Textile has a total shareholder equity of CN¥-902.1M and total debt of CN¥4.3B, which brings its debt-to-equity ratio to -471.2%. Its total assets and total liabilities are CN¥5.4B and CN¥6.3B respectively.
Key information
-471.2%
Debt to equity ratio
CN¥4.25b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥3.75m |
| Equity | -CN¥902.07m |
| Total liabilities | CN¥6.33b |
| Total assets | CN¥5.43b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002087 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 002087 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 002087 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 002087's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 002087's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 002087's interest payments on its debt are well covered by EBIT.