Xiamen Hexing Packaging Printing Balance Sheet Health
Financial Health criteria checks 5/6
Xiamen Hexing Packaging Printing has a total shareholder equity of CN¥3.5B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 42.7%. Its total assets and total liabilities are CN¥8.2B and CN¥4.7B respectively. Xiamen Hexing Packaging Printing's EBIT is CN¥161.6M making its interest coverage ratio 2.6. It has cash and short-term investments of CN¥705.9M.
Key information
42.7%
Debt to equity ratio
CN¥1.48b
Debt
Interest coverage ratio | 2.6x |
Cash | CN¥705.90m |
Equity | CN¥3.47b |
Total liabilities | CN¥4.68b |
Total assets | CN¥8.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002228's short term assets (CN¥4.9B) exceed its short term liabilities (CN¥3.5B).
Long Term Liabilities: 002228's short term assets (CN¥4.9B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002228's net debt to equity ratio (22.4%) is considered satisfactory.
Reducing Debt: 002228's debt to equity ratio has reduced from 48.3% to 42.7% over the past 5 years.
Debt Coverage: 002228's debt is well covered by operating cash flow (42.6%).
Interest Coverage: 002228's interest payments on its debt are not well covered by EBIT (2.6x coverage).