Xinjiang Talimu Agriculture Development Balance Sheet Health
Financial Health criteria checks 5/6
Xinjiang Talimu Agriculture Development has a total shareholder equity of CN¥713.4M and total debt of CN¥265.2M, which brings its debt-to-equity ratio to 37.2%. Its total assets and total liabilities are CN¥1.3B and CN¥577.1M respectively. Xinjiang Talimu Agriculture Development's EBIT is CN¥17.7M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥299.1M.
Key information
37.2%
Debt to equity ratio
CN¥265.17m
Debt
Interest coverage ratio | -0.2x |
Cash | CN¥299.05m |
Equity | CN¥713.36m |
Total liabilities | CN¥577.10m |
Total assets | CN¥1.29b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600359's short term assets (CN¥822.9M) exceed its short term liabilities (CN¥536.1M).
Long Term Liabilities: 600359's short term assets (CN¥822.9M) exceed its long term liabilities (CN¥41.0M).
Debt to Equity History and Analysis
Debt Level: 600359 has more cash than its total debt.
Reducing Debt: 600359's debt to equity ratio has reduced from 215.9% to 37.2% over the past 5 years.
Debt Coverage: 600359's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600359 earns more interest than it pays, so coverage of interest payments is not a concern.