Xinjiang Joinworld Balance Sheet Health
Financial Health criteria checks 6/6
Xinjiang Joinworld has a total shareholder equity of CN¥10.8B and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 20.5%. Its total assets and total liabilities are CN¥17.1B and CN¥6.4B respectively. Xinjiang Joinworld's EBIT is CN¥375.8M making its interest coverage ratio -0.5. It has cash and short-term investments of CN¥2.5B.
Key information
20.5%
Debt to equity ratio
CN¥2.21b
Debt
| Interest coverage ratio | -0.5x |
| Cash | CN¥2.54b |
| Equity | CN¥10.75b |
| Total liabilities | CN¥6.36b |
| Total assets | CN¥17.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600888's short term assets (CN¥7.5B) exceed its short term liabilities (CN¥3.8B).
Long Term Liabilities: 600888's short term assets (CN¥7.5B) exceed its long term liabilities (CN¥2.6B).
Debt to Equity History and Analysis
Debt Level: 600888 has more cash than its total debt.
Reducing Debt: 600888's debt to equity ratio has reduced from 132.1% to 20.5% over the past 5 years.
Debt Coverage: 600888's debt is well covered by operating cash flow (22.1%).
Interest Coverage: 600888 earns more interest than it pays, so coverage of interest payments is not a concern.