XinJiang Beiken Energy EngineeringLtd Balance Sheet Health
Financial Health criteria checks 2/6
XinJiang Beiken Energy EngineeringLtd has a total shareholder equity of CN¥612.3M and total debt of CN¥399.1M, which brings its debt-to-equity ratio to 65.2%. Its total assets and total liabilities are CN¥1.9B and CN¥1.3B respectively. XinJiang Beiken Energy EngineeringLtd's EBIT is CN¥70.4M making its interest coverage ratio 3.6. It has cash and short-term investments of CN¥142.0M.
Key information
65.2%
Debt to equity ratio
CN¥399.08m
Debt
Interest coverage ratio | 3.6x |
Cash | CN¥141.98m |
Equity | CN¥612.28m |
Total liabilities | CN¥1.31b |
Total assets | CN¥1.92b |
Financial Position Analysis
Short Term Liabilities: 002828's short term assets (CN¥1.2B) do not cover its short term liabilities (CN¥1.3B).
Long Term Liabilities: 002828's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥11.1M).
Debt to Equity History and Analysis
Debt Level: 002828's net debt to equity ratio (42%) is considered high.
Reducing Debt: 002828's debt to equity ratio has increased from 17.9% to 65.2% over the past 5 years.
Debt Coverage: 002828's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: 002828's interest payments on its debt are well covered by EBIT (3.6x coverage).