Xin HeeLtd Balance Sheet Health
Financial Health criteria checks 5/6
Xin HeeLtd has a total shareholder equity of CN¥2.8B and total debt of CN¥202.9M, which brings its debt-to-equity ratio to 7.1%. Its total assets and total liabilities are CN¥3.5B and CN¥693.0M respectively. Xin HeeLtd's EBIT is CN¥106.8M making its interest coverage ratio -4.7. It has cash and short-term investments of CN¥1.1B.
Key information
7.1%
Debt to equity ratio
CN¥202.91m
Debt
Interest coverage ratio | -4.7x |
Cash | CN¥1.06b |
Equity | CN¥2.84b |
Total liabilities | CN¥692.99m |
Total assets | CN¥3.54b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 003016's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥516.1M).
Long Term Liabilities: 003016's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥176.9M).
Debt to Equity History and Analysis
Debt Level: 003016 has more cash than its total debt.
Reducing Debt: 003016's debt to equity ratio has increased from 0% to 7.1% over the past 5 years.
Debt Coverage: 003016's debt is well covered by operating cash flow (119%).
Interest Coverage: 003016 earns more interest than it pays, so coverage of interest payments is not a concern.