Xinxiang Richful Lube AdditiveLtd Balance Sheet Health
Financial Health criteria checks 6/6
Xinxiang Richful Lube AdditiveLtd has a total shareholder equity of CN¥3.1B and total debt of CN¥92.6M, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are CN¥3.6B and CN¥546.9M respectively. Xinxiang Richful Lube AdditiveLtd's EBIT is CN¥691.4M making its interest coverage ratio -25.3. It has cash and short-term investments of CN¥1.3B.
Key information
3.0%
Debt to equity ratio
CN¥92.62m
Debt
| Interest coverage ratio | -25.3x |
| Cash | CN¥1.30b |
| Equity | CN¥3.09b |
| Total liabilities | CN¥546.91m |
| Total assets | CN¥3.64b |
Recent financial health updates
Recent updates
Insufficient Growth At Xinxiang Richful Lube Additive Co.,Ltd. (SZSE:300910) Hampers Share Price
Apr 24
Xinxiang Richful Lube AdditiveLtd (SZSE:300910) Strong Profits May Be Masking Some Underlying Issues
Apr 02Xinxiang Richful Lube Additive Co.,Ltd. (SZSE:300910) Analysts Are Reducing Their Forecasts For This Year
Mar 29Xinxiang Richful Lube AdditiveLtd (SZSE:300910) Has A Rock Solid Balance Sheet
Mar 21Financial Position Analysis
Short Term Liabilities: 300910's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥439.0M).
Long Term Liabilities: 300910's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥107.9M).
Debt to Equity History and Analysis
Debt Level: 300910 has more cash than its total debt.
Reducing Debt: 300910's debt to equity ratio has reduced from 3.7% to 3% over the past 5 years.
Debt Coverage: 300910's debt is well covered by operating cash flow (678.5%).
Interest Coverage: 300910 earns more interest than it pays, so coverage of interest payments is not a concern.