Jiangsu Xiuqiang Glasswork Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Xiuqiang Glasswork has a total shareholder equity of CN¥2.5B and total debt of CN¥65.2M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are CN¥3.0B and CN¥571.6M respectively. Jiangsu Xiuqiang Glasswork's EBIT is CN¥221.3M making its interest coverage ratio -9.8. It has cash and short-term investments of CN¥902.4M.
Key information
2.6%
Debt to equity ratio
CN¥65.15m
Debt
Interest coverage ratio | -9.8x |
Cash | CN¥902.43m |
Equity | CN¥2.46b |
Total liabilities | CN¥571.62m |
Total assets | CN¥3.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300160's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥534.9M).
Long Term Liabilities: 300160's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥36.7M).
Debt to Equity History and Analysis
Debt Level: 300160 has more cash than its total debt.
Reducing Debt: 300160's debt to equity ratio has reduced from 47.1% to 2.6% over the past 5 years.
Debt Coverage: 300160's debt is well covered by operating cash flow (416.7%).
Interest Coverage: 300160 earns more interest than it pays, so coverage of interest payments is not a concern.