Xiangtan Electrochemical ScientificLtd Balance Sheet Health
Financial Health criteria checks 6/6
Xiangtan Electrochemical ScientificLtd has a total shareholder equity of CN¥2.9B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 47%. Its total assets and total liabilities are CN¥4.9B and CN¥2.0B respectively. Xiangtan Electrochemical ScientificLtd's EBIT is CN¥307.6M making its interest coverage ratio -3.4. It has cash and short-term investments of CN¥313.0M.
Key information
47.0%
Debt to equity ratio
CN¥1.36b
Debt
Interest coverage ratio | -3.4x |
Cash | CN¥313.01m |
Equity | CN¥2.89b |
Total liabilities | CN¥1.98b |
Total assets | CN¥4.87b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002125's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002125's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥924.7M).
Debt to Equity History and Analysis
Debt Level: 002125's net debt to equity ratio (36.2%) is considered satisfactory.
Reducing Debt: 002125's debt to equity ratio has reduced from 112% to 47% over the past 5 years.
Debt Coverage: 002125's debt is well covered by operating cash flow (30.3%).
Interest Coverage: 002125 earns more interest than it pays, so coverage of interest payments is not a concern.