Xinyaqiang Silicon ChemistryLtd Balance Sheet Health
Financial Health criteria checks 5/6
Xinyaqiang Silicon ChemistryLtd has a total shareholder equity of CN¥2.3B and total debt of CN¥36.5M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are CN¥2.6B and CN¥270.6M respectively. Xinyaqiang Silicon ChemistryLtd's EBIT is CN¥77.4M making its interest coverage ratio -14.6. It has cash and short-term investments of CN¥1.1B.
Key information
1.6%
Debt to equity ratio
CN¥36.53m
Debt
Interest coverage ratio | -14.6x |
Cash | CN¥1.11b |
Equity | CN¥2.31b |
Total liabilities | CN¥270.60m |
Total assets | CN¥2.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603155's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥186.1M).
Long Term Liabilities: 603155's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥84.5M).
Debt to Equity History and Analysis
Debt Level: 603155 has more cash than its total debt.
Reducing Debt: 603155's debt to equity ratio has increased from 0% to 1.6% over the past 5 years.
Debt Coverage: 603155's debt is well covered by operating cash flow (340.4%).
Interest Coverage: 603155 earns more interest than it pays, so coverage of interest payments is not a concern.