Xinxiang Chemical Fiber Balance Sheet Health
Financial Health criteria checks 4/6
Xinxiang Chemical Fiber has a total shareholder equity of CN¥6.5B and total debt of CN¥4.6B, which brings its debt-to-equity ratio to 70.5%. Its total assets and total liabilities are CN¥13.1B and CN¥6.6B respectively. Xinxiang Chemical Fiber's EBIT is CN¥304.5M making its interest coverage ratio 2.4. It has cash and short-term investments of CN¥2.0B.
Key information
70.5%
Debt to equity ratio
CN¥4.59b
Debt
| Interest coverage ratio | 2.4x |
| Cash | CN¥2.00b |
| Equity | CN¥6.51b |
| Total liabilities | CN¥6.57b |
| Total assets | CN¥13.08b |
Financial Position Analysis
Short Term Liabilities: 000949's short term assets (CN¥5.1B) exceed its short term liabilities (CN¥3.8B).
Long Term Liabilities: 000949's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥2.8B).
Debt to Equity History and Analysis
Debt Level: 000949's net debt to equity ratio (39.8%) is considered satisfactory.
Reducing Debt: 000949's debt to equity ratio has reduced from 87.5% to 70.5% over the past 5 years.
Debt Coverage: 000949's debt is not well covered by operating cash flow (6.9%).
Interest Coverage: 000949's interest payments on its debt are not well covered by EBIT (2.4x coverage).