China Coal Xinji EnergyLtd Balance Sheet Health
Financial Health criteria checks 3/6
China Coal Xinji EnergyLtd has a total shareholder equity of CN¥15.6B and total debt of CN¥15.9B, which brings its debt-to-equity ratio to 102%. Its total assets and total liabilities are CN¥38.3B and CN¥22.7B respectively. China Coal Xinji EnergyLtd's EBIT is CN¥3.9B making its interest coverage ratio 9. It has cash and short-term investments of CN¥2.5B.
Key information
102.0%
Debt to equity ratio
CN¥15.92b
Debt
| Interest coverage ratio | 9x |
| Cash | CN¥2.45b |
| Equity | CN¥15.60b |
| Total liabilities | CN¥22.72b |
| Total assets | CN¥38.31b |
Recent financial health updates
Recent updates
Does China Coal Xinji EnergyLtd (SHSE:601918) Have A Healthy Balance Sheet?
Jun 27
China Coal Xinji Energy Co.,Ltd's (SHSE:601918) Shares Lagging The Market But So Is The Business
Jun 10Returns At China Coal Xinji EnergyLtd (SHSE:601918) Appear To Be Weighed Down
May 22There's No Escaping China Coal Xinji Energy Co.,Ltd's (SHSE:601918) Muted Earnings
Feb 29Financial Position Analysis
Short Term Liabilities: 601918's short term assets (CN¥3.8B) do not cover its short term liabilities (CN¥8.9B).
Long Term Liabilities: 601918's short term assets (CN¥3.8B) do not cover its long term liabilities (CN¥13.9B).
Debt to Equity History and Analysis
Debt Level: 601918's net debt to equity ratio (86.3%) is considered high.
Reducing Debt: 601918's debt to equity ratio has reduced from 245.2% to 102% over the past 5 years.
Debt Coverage: 601918's debt is well covered by operating cash flow (25.6%).
Interest Coverage: 601918's interest payments on its debt are well covered by EBIT (9x coverage).