Shaoxing Xingxin New MaterialLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shaoxing Xingxin New MaterialLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥19.6M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥1.6B and CN¥79.5M respectively. Shaoxing Xingxin New MaterialLtd's EBIT is CN¥112.4M making its interest coverage ratio -16.2. It has cash and short-term investments of CN¥1.0B.
Key information
1.3%
Debt to equity ratio
CN¥19.56m
Debt
Interest coverage ratio | -16.2x |
Cash | CN¥1.03b |
Equity | CN¥1.54b |
Total liabilities | CN¥79.46m |
Total assets | CN¥1.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 001358's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥75.1M).
Long Term Liabilities: 001358's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥4.4M).
Debt to Equity History and Analysis
Debt Level: 001358 has more cash than its total debt.
Reducing Debt: 001358's debt to equity ratio has reduced from 19.4% to 1.3% over the past 5 years.
Debt Coverage: 001358's debt is well covered by operating cash flow (380.5%).
Interest Coverage: 001358 earns more interest than it pays, so coverage of interest payments is not a concern.