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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 04:12 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Xinxiang Chemical Fiber Co., Ltd. is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Zhe Wang | Citic Securities Co., Ltd. |
| Cong Xue | Guosen Securities Co., Ltd. |
| Ren Jing | Guotai Junan International Holdings Limited |