Xinjiang Qingsong Building Materials and Chemicals(Group)CoLtd Balance Sheet Health
Financial Health criteria checks 5/6
Xinjiang Qingsong Building Materials and Chemicals(Group)CoLtd has a total shareholder equity of CN¥6.8B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 24.5%. Its total assets and total liabilities are CN¥9.7B and CN¥3.0B respectively. Xinjiang Qingsong Building Materials and Chemicals(Group)CoLtd's EBIT is CN¥484.3M making its interest coverage ratio -18.2. It has cash and short-term investments of CN¥1.2B.
Key information
24.5%
Debt to equity ratio
CN¥1.66b
Debt
| Interest coverage ratio | -18.2x |
| Cash | CN¥1.25b |
| Equity | CN¥6.75b |
| Total liabilities | CN¥2.96b |
| Total assets | CN¥9.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600425's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 600425's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 600425's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: 600425's debt to equity ratio has reduced from 50% to 24.5% over the past 5 years.
Debt Coverage: 600425's debt is not well covered by operating cash flow (19.9%).
Interest Coverage: 600425 earns more interest than it pays, so coverage of interest payments is not a concern.