Xinxing Ductile Iron Pipes Balance Sheet Health
Financial Health criteria checks 5/6
Xinxing Ductile Iron Pipes has a total shareholder equity of CN¥28.6B and total debt of CN¥14.1B, which brings its debt-to-equity ratio to 49.4%. Its total assets and total liabilities are CN¥55.2B and CN¥26.5B respectively. Xinxing Ductile Iron Pipes's EBIT is CN¥728.7M making its interest coverage ratio -2.8. It has cash and short-term investments of CN¥6.8B.
Key information
49.4%
Debt to equity ratio
CN¥14.15b
Debt
| Interest coverage ratio | -2.8x |
| Cash | CN¥6.84b |
| Equity | CN¥28.64b |
| Total liabilities | CN¥26.53b |
| Total assets | CN¥55.17b |
Recent financial health updates
No updates
Recent updates
Calculating The Fair Value Of Xinxing Ductile Iron Pipes Co., Ltd. (SZSE:000778)
Jul 30
Xinxing 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¥24.2B) exceed its short term liabilities (CN¥16.7B).
Long Term Liabilities: 000778's short term assets (CN¥24.2B) exceed its long term liabilities (CN¥9.8B).
Debt to Equity History and Analysis
Debt Level: 000778's net debt to equity ratio (25.5%) is considered satisfactory.
Reducing Debt: 000778's debt to equity ratio has reduced from 72% to 49.4% over the past 5 years.
Debt Coverage: 000778's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: 000778 earns more interest than it pays, so coverage of interest payments is not a concern.