Xiamen Kingdomway Group Balance Sheet Health
Financial Health criteria checks 6/6
Xiamen Kingdomway Group has a total shareholder equity of CN¥4.0B and total debt of CN¥890.3M, which brings its debt-to-equity ratio to 22.4%. Its total assets and total liabilities are CN¥5.6B and CN¥1.6B respectively. Xiamen Kingdomway Group's EBIT is CN¥295.8M making its interest coverage ratio 54.6. It has cash and short-term investments of CN¥917.7M.
Key information
22.4%
Debt to equity ratio
CN¥890.35m
Debt
| Interest coverage ratio | 54.6x |
| Cash | CN¥917.73m |
| Equity | CN¥3.98b |
| Total liabilities | CN¥1.64b |
| Total assets | CN¥5.62b |
Recent financial health updates
We Think Xiamen Kingdomway Group (SZSE:002626) Can Manage Its Debt With Ease
Sep 27
Is Xiamen Kingdomway Group (SZSE:002626) A Risky Investment?
May 28Is Xiamen Kingdomway Group (SZSE:002626) Using Too Much Debt?
Feb 28Recent updates
We Think Xiamen Kingdomway Group (SZSE:002626) Can Manage Its Debt With Ease
Sep 27Market Participants Recognise Xiamen Kingdomway Group Company's (SZSE:002626) Earnings
Aug 23Xiamen Kingdomway Group (SZSE:002626) Has Affirmed Its Dividend Of CN¥0.20
May 31Is Xiamen Kingdomway Group (SZSE:002626) A Risky Investment?
May 28What Xiamen Kingdomway Group Company's (SZSE:002626) P/E Is Not Telling You
Apr 30Is Xiamen Kingdomway Group (SZSE:002626) Using Too Much Debt?
Feb 28Financial Position Analysis
Short Term Liabilities: 002626's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥947.1M).
Long Term Liabilities: 002626's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥688.6M).
Debt to Equity History and Analysis
Debt Level: 002626 has more cash than its total debt.
Reducing Debt: 002626's debt to equity ratio has reduced from 48.8% to 22.4% over the past 5 years.
Debt Coverage: 002626's debt is well covered by operating cash flow (40.1%).
Interest Coverage: 002626's interest payments on its debt are well covered by EBIT (54.6x coverage).