China Coal Xinji EnergyLtd Balance Sheet Health
Financial Health criteria checks 2/6
China Coal Xinji EnergyLtd has a total shareholder equity of CN¥16.9B and total debt of CN¥18.4B, which brings its debt-to-equity ratio to 108.9%. Its total assets and total liabilities are CN¥42.7B and CN¥25.8B respectively. China Coal Xinji EnergyLtd's EBIT is CN¥3.6B making its interest coverage ratio 9.2. It has cash and short-term investments of CN¥2.4B.
Key information
108.9%
Debt to equity ratio
CN¥18.42b
Debt
| Interest coverage ratio | 9.2x |
| Cash | CN¥2.38b |
| Equity | CN¥16.92b |
| Total liabilities | CN¥25.82b |
| Total assets | CN¥42.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601918's short term assets (CN¥4.2B) do not cover its short term liabilities (CN¥9.6B).
Long Term Liabilities: 601918's short term assets (CN¥4.2B) do not cover its long term liabilities (CN¥16.2B).
Debt to Equity History and Analysis
Debt Level: 601918's net debt to equity ratio (94.8%) is considered high.
Reducing Debt: 601918's debt to equity ratio has reduced from 208.8% to 108.9% over the past 5 years.
Debt Coverage: 601918's debt is not well covered by operating cash flow (16.1%).
Interest Coverage: 601918's interest payments on its debt are well covered by EBIT (9.2x coverage).