Xinjiang Yilite IndustryLtd Balance Sheet Health
Financial Health criteria checks 5/6
Xinjiang Yilite IndustryLtd has a total shareholder equity of CN¥4.1B and total debt of CN¥190.2M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are CN¥5.2B and CN¥1.1B respectively. Xinjiang Yilite IndustryLtd's EBIT is CN¥464.8M making its interest coverage ratio 135. It has cash and short-term investments of CN¥664.3M.
Key information
4.7%
Debt to equity ratio
CN¥190.24m
Debt
Interest coverage ratio | 135x |
Cash | CN¥664.25m |
Equity | CN¥4.07b |
Total liabilities | CN¥1.09b |
Total assets | CN¥5.15b |
Financial Position Analysis
Short Term Liabilities: 600197's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥883.4M).
Long Term Liabilities: 600197's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥202.8M).
Debt to Equity History and Analysis
Debt Level: 600197 has more cash than its total debt.
Reducing Debt: 600197's debt to equity ratio has increased from 0% to 4.7% over the past 5 years.
Debt Coverage: 600197's debt is well covered by operating cash flow (114.5%).
Interest Coverage: 600197's interest payments on its debt are well covered by EBIT (135x coverage).