Xiamen Hexing Packaging Printing Balance Sheet Health
Financial Health criteria checks 6/6
Xiamen Hexing Packaging Printing has a total shareholder equity of CN¥3.4B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 42.2%. Its total assets and total liabilities are CN¥7.9B and CN¥4.5B respectively. Xiamen Hexing Packaging Printing's EBIT is CN¥178.3M making its interest coverage ratio 3.4. It has cash and short-term investments of CN¥531.7M.
Key information
42.2%
Debt to equity ratio
CN¥1.45b
Debt
| Interest coverage ratio | 3.4x |
| Cash | CN¥531.68m |
| Equity | CN¥3.43b |
| Total liabilities | CN¥4.49b |
| Total assets | CN¥7.93b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002228's short term assets (CN¥4.7B) exceed its short term liabilities (CN¥3.8B).
Long Term Liabilities: 002228's short term assets (CN¥4.7B) exceed its long term liabilities (CN¥668.5M).
Debt to Equity History and Analysis
Debt Level: 002228's net debt to equity ratio (26.8%) is considered satisfactory.
Reducing Debt: 002228's debt to equity ratio has reduced from 46% to 42.2% over the past 5 years.
Debt Coverage: 002228's debt is well covered by operating cash flow (43.7%).
Interest Coverage: 002228's interest payments on its debt are well covered by EBIT (3.4x coverage).