Xinjiang Joinworld Balance Sheet Health
Financial Health criteria checks 5/6
Xinjiang Joinworld has a total shareholder equity of CN¥10.4B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 28.1%. Its total assets and total liabilities are CN¥17.0B and CN¥6.6B respectively. Xinjiang Joinworld's EBIT is CN¥386.9M making its interest coverage ratio -0.5. It has cash and short-term investments of CN¥3.2B.
Key information
28.1%
Debt to equity ratio
CN¥2.93b
Debt
| Interest coverage ratio | -0.5x |
| Cash | CN¥3.18b |
| Equity | CN¥10.40b |
| Total liabilities | CN¥6.61b |
| Total assets | CN¥17.02b |
Recent financial health updates
Recent updates
Improved Earnings Required Before Xinjiang Joinworld Co., Ltd. (SHSE:600888) Shares Find Their Feet
Sep 25
Here's What To Make Of Xinjiang Joinworld's (SHSE:600888) Decelerating Rates Of Return
Aug 30Here's Why Xinjiang Joinworld (SHSE:600888) Can Manage Its Debt Responsibly
May 24Xinjiang Joinworld's (SHSE:600888) Returns On Capital Not Reflecting Well On The Business
Apr 17Concerns Surrounding Xinjiang Joinworld's (SHSE:600888) Performance
Mar 25Xinjiang Joinworld Co., Ltd.'s (SHSE:600888) Low P/E No Reason For Excitement
Mar 06Financial Position Analysis
Short Term Liabilities: 600888's short term assets (CN¥7.5B) exceed its short term liabilities (CN¥3.9B).
Long Term Liabilities: 600888's short term assets (CN¥7.5B) exceed its long term liabilities (CN¥2.8B).
Debt to Equity History and Analysis
Debt Level: 600888 has more cash than its total debt.
Reducing Debt: 600888's debt to equity ratio has reduced from 136.5% to 28.1% over the past 5 years.
Debt Coverage: 600888's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: 600888 earns more interest than it pays, so coverage of interest payments is not a concern.