Shan Xi Hua Yang Group New EnergyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shan Xi Hua Yang Group New EnergyLtd has a total shareholder equity of CN¥35.3B and total debt of CN¥20.2B, which brings its debt-to-equity ratio to 57.2%. Its total assets and total liabilities are CN¥73.4B and CN¥38.1B respectively. Shan Xi Hua Yang Group New EnergyLtd's EBIT is CN¥6.8B making its interest coverage ratio 20.1. It has cash and short-term investments of CN¥15.8B.
Key information
57.2%
Debt to equity ratio
CN¥20.16b
Debt
| Interest coverage ratio | 20.1x |
| Cash | CN¥15.77b |
| Equity | CN¥35.28b |
| Total liabilities | CN¥38.14b |
| Total assets | CN¥73.42b |
Recent financial health updates
No updates
Recent updates
Earnings Troubles May Signal Larger Issues for Shan Xi Hua Yang Group New EnergyLtd (SHSE:600348) Shareholders
May 06
News Flash: 3 Analysts Think Shan Xi Hua Yang Group New Energy Co.,Ltd. (SHSE:600348) Earnings Are Under Threat
Apr 27Shan Xi Hua Yang Group New Energy Co.,Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Apr 21Insufficient Growth At Shan Xi Hua Yang Group New Energy Co.,Ltd. (SHSE:600348) Hampers Share Price
Apr 16We Like Shan Xi Huayang Group New EnergyLtd's (SHSE:600348) Returns And Here's How They're Trending
Feb 29Financial Position Analysis
Short Term Liabilities: 600348's short term assets (CN¥19.7B) do not cover its short term liabilities (CN¥23.4B).
Long Term Liabilities: 600348's short term assets (CN¥19.7B) exceed its long term liabilities (CN¥14.7B).
Debt to Equity History and Analysis
Debt Level: 600348's net debt to equity ratio (12.5%) is considered satisfactory.
Reducing Debt: 600348's debt to equity ratio has increased from 42.9% to 57.2% over the past 5 years.
Debt Coverage: 600348's debt is well covered by operating cash flow (27.1%).
Interest Coverage: 600348's interest payments on its debt are well covered by EBIT (20.1x coverage).