Xinhuanet Balance Sheet Health
Financial Health criteria checks 5/6
Xinhuanet has a total shareholder equity of CN¥3.4B and total debt of CN¥43.9M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥5.2B and CN¥1.8B respectively. Xinhuanet's EBIT is CN¥255.5M making its interest coverage ratio -5.3. It has cash and short-term investments of CN¥3.4B.
Key information
1.3%
Debt to equity ratio
CN¥43.95m
Debt
Interest coverage ratio | -5.3x |
Cash | CN¥3.39b |
Equity | CN¥3.44b |
Total liabilities | CN¥1.75b |
Total assets | CN¥5.19b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603888's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 603888's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥477.8M).
Debt to Equity History and Analysis
Debt Level: 603888 has more cash than its total debt.
Reducing Debt: 603888's debt to equity ratio has increased from 0% to 1.3% over the past 5 years.
Debt Coverage: 603888's debt is well covered by operating cash flow (1043.4%).
Interest Coverage: 603888 earns more interest than it pays, so coverage of interest payments is not a concern.