Xingye Leather Technology Balance Sheet Health
Financial Health criteria checks 5/6
Xingye Leather Technology has a total shareholder equity of CN¥2.7B and total debt of CN¥998.8M, which brings its debt-to-equity ratio to 37.6%. Its total assets and total liabilities are CN¥4.1B and CN¥1.5B respectively. Xingye Leather Technology's EBIT is CN¥289.0M making its interest coverage ratio 540.8. It has cash and short-term investments of CN¥877.6M.
Key information
37.6%
Debt to equity ratio
CN¥998.84m
Debt
Interest coverage ratio | 540.8x |
Cash | CN¥877.60m |
Equity | CN¥2.66b |
Total liabilities | CN¥1.49b |
Total assets | CN¥4.14b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002674's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥998.2M).
Long Term Liabilities: 002674's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥490.0M).
Debt to Equity History and Analysis
Debt Level: 002674's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: 002674's debt to equity ratio has increased from 12.8% to 37.6% over the past 5 years.
Debt Coverage: 002674's debt is well covered by operating cash flow (29.8%).
Interest Coverage: 002674's interest payments on its debt are well covered by EBIT (540.8x coverage).