Zhejiang Xinao Textiles Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Xinao Textiles has a total shareholder equity of CN¥3.5B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 42.4%. Its total assets and total liabilities are CN¥5.9B and CN¥2.4B respectively. Zhejiang Xinao Textiles's EBIT is CN¥494.3M making its interest coverage ratio 30.2. It has cash and short-term investments of CN¥866.8M.
Key information
42.4%
Debt to equity ratio
CN¥1.48b
Debt
| Interest coverage ratio | 30.2x |
| Cash | CN¥866.82m |
| Equity | CN¥3.49b |
| Total liabilities | CN¥2.37b |
| Total assets | CN¥5.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603889's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 603889's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥699.4M).
Debt to Equity History and Analysis
Debt Level: 603889's net debt to equity ratio (17.6%) is considered satisfactory.
Reducing Debt: 603889's debt to equity ratio has increased from 14% to 42.4% over the past 5 years.
Debt Coverage: 603889's debt is well covered by operating cash flow (49.3%).
Interest Coverage: 603889's interest payments on its debt are well covered by EBIT (30.2x coverage).