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).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 08:23 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Xinxing Ductile Iron Pipes Co., Ltd. is covered by 17 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jian Cui | Bohai Securities Co., Ltd. |
| Yuanrui Liu | Changjiang Securities Co. LTD. |
| Yue Ding | China International Capital Corporation Limited |