Xinxing Ductile Iron Pipes Balance Sheet Health
Financial Health criteria checks 5/6
Xinxing Ductile Iron Pipes has a total shareholder equity of CN¥28.7B and total debt of CN¥13.3B, which brings its debt-to-equity ratio to 46.3%. Its total assets and total liabilities are CN¥54.7B and CN¥26.1B respectively. Xinxing Ductile Iron Pipes's EBIT is CN¥317.5M making its interest coverage ratio 8.5. It has cash and short-term investments of CN¥6.2B.
Key information
46.3%
Debt to equity ratio
CN¥13.26b
Debt
| Interest coverage ratio | 8.5x |
| Cash | CN¥6.22b |
| Equity | CN¥28.65b |
| Total liabilities | CN¥26.07b |
| Total assets | CN¥54.73b |
Recent financial health updates
Recent updates
Weak Statutory Earnings May Not Tell The Whole Story For Xinxing Ductile Iron Pipes (SZSE:000778)
Nov 04
Xinxing Ductile Iron Pipes Co., Ltd.'s (SZSE:000778) Shares Bounce 32% But Its Business Still Trails The Market
Oct 13Here's Why Xinxing Ductile Iron Pipes (SZSE:000778) Has A Meaningful Debt Burden
Oct 02Calculating The Fair Value Of Xinxing Ductile Iron Pipes Co., Ltd. (SZSE:000778)
Jul 30Xinxing Ductile Iron Pipes (SZSE:000778) Is Paying Out Less In Dividends Than Last Year
Jul 12Xinxing Ductile Iron Pipes Co., Ltd.'s (SZSE:000778) Price Is Right But Growth Is Lacking
Jun 11Xinxing Ductile Iron Pipes (SZSE:000778) Is Reinvesting At Lower Rates Of Return
May 24Xinxing Ductile Iron Pipes' (SZSE:000778) Shareholders Have More To Worry About Than Only Soft Earnings
May 02Downgrade: Here's How Analysts See Xinxing Ductile Iron Pipes Co., Ltd. (SZSE:000778) Performing In The Near Term
Apr 17Financial Position Analysis
Short Term Liabilities: 000778's short term assets (CN¥24.4B) exceed its short term liabilities (CN¥17.1B).
Long Term Liabilities: 000778's short term assets (CN¥24.4B) exceed its long term liabilities (CN¥8.9B).
Debt to Equity History and Analysis
Debt Level: 000778's net debt to equity ratio (24.6%) is considered satisfactory.
Reducing Debt: 000778's debt to equity ratio has reduced from 65.1% to 46.3% over the past 5 years.
Debt Coverage: 000778's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000778's interest payments on its debt are well covered by EBIT (8.5x coverage).