XinJiang Beiken Energy EngineeringLtd Balance Sheet Health
Financial Health criteria checks 2/6
XinJiang Beiken Energy EngineeringLtd has a total shareholder equity of CN¥610.3M and total debt of CN¥423.0M, which brings its debt-to-equity ratio to 69.3%. Its total assets and total liabilities are CN¥1.9B and CN¥1.3B respectively. XinJiang Beiken Energy EngineeringLtd's EBIT is CN¥72.2M making its interest coverage ratio 3.8. It has cash and short-term investments of CN¥100.9M.
Key information
69.3%
Debt to equity ratio
CN¥423.03m
Debt
Interest coverage ratio | 3.8x |
Cash | CN¥100.86m |
Equity | CN¥610.25m |
Total liabilities | CN¥1.29b |
Total assets | CN¥1.90b |
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¥9.8M).
Debt to Equity History and Analysis
Debt Level: 002828's net debt to equity ratio (52.8%) is considered high.
Reducing Debt: 002828's debt to equity ratio has increased from 20.5% to 69.3% over the past 5 years.
Debt Coverage: 002828's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: 002828's interest payments on its debt are well covered by EBIT (3.8x coverage).