Xinxiang Chemical Fiber Balance Sheet Health
Financial Health criteria checks 3/6
Xinxiang Chemical Fiber has a total shareholder equity of CN¥6.6B and total debt of CN¥4.7B, which brings its debt-to-equity ratio to 71.9%. Its total assets and total liabilities are CN¥13.3B and CN¥6.8B respectively. Xinxiang Chemical Fiber's EBIT is CN¥359.6M making its interest coverage ratio 2.8. It has cash and short-term investments of CN¥1.8B.
Key information
71.9%
Debt to equity ratio
CN¥4.72b
Debt
| Interest coverage ratio | 2.8x |
| Cash | CN¥1.76b |
| Equity | CN¥6.56b |
| Total liabilities | CN¥6.77b |
| Total assets | CN¥13.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000949's short term assets (CN¥5.1B) exceed its short term liabilities (CN¥3.8B).
Long Term Liabilities: 000949's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥2.9B).
Debt to Equity History and Analysis
Debt Level: 000949's net debt to equity ratio (45%) is considered high.
Reducing Debt: 000949's debt to equity ratio has reduced from 91.5% to 71.9% over the past 5 years.
Debt Coverage: 000949's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000949's interest payments on its debt are not well covered by EBIT (2.8x coverage).