Xinjiang Qingsong Building Materials and Chemicals(Group)CoLtd Balance Sheet Health
Financial Health criteria checks 6/6
Xinjiang Qingsong Building Materials and Chemicals(Group)CoLtd has a total shareholder equity of CN¥6.4B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 30.3%. Its total assets and total liabilities are CN¥9.7B and CN¥3.2B respectively. Xinjiang Qingsong Building Materials and Chemicals(Group)CoLtd's EBIT is CN¥623.3M making its interest coverage ratio -49.7. It has cash and short-term investments of CN¥1.5B.
Key information
30.3%
Debt to equity ratio
CN¥1.95b
Debt
Interest coverage ratio | -49.7x |
Cash | CN¥1.51b |
Equity | CN¥6.45b |
Total liabilities | CN¥3.21b |
Total assets | CN¥9.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600425's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 600425's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥837.6M).
Debt to Equity History and Analysis
Debt Level: 600425's net debt to equity ratio (6.8%) is considered satisfactory.
Reducing Debt: 600425's debt to equity ratio has reduced from 62.9% to 30.3% over the past 5 years.
Debt Coverage: 600425's debt is well covered by operating cash flow (22.4%).
Interest Coverage: 600425 earns more interest than it pays, so coverage of interest payments is not a concern.