Xiwang FoodstuffsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Xiwang FoodstuffsLtd has a total shareholder equity of CN¥4.0B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 47.5%. Its total assets and total liabilities are CN¥7.0B and CN¥3.0B respectively. Xiwang FoodstuffsLtd's EBIT is CN¥252.4M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥1.6B.
Key information
47.5%
Debt to equity ratio
CN¥1.88b
Debt
| Interest coverage ratio | 2.3x |
| Cash | CN¥1.60b |
| Equity | CN¥3.96b |
| Total liabilities | CN¥3.01b |
| Total assets | CN¥6.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000639's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 000639's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥644.3M).
Debt to Equity History and Analysis
Debt Level: 000639's net debt to equity ratio (7%) is considered satisfactory.
Reducing Debt: 000639's debt to equity ratio has reduced from 57.4% to 47.5% over the past 5 years.
Debt Coverage: 000639's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: 000639's interest payments on its debt are not well covered by EBIT (2.3x coverage).