Xiamen Kingdomway Group Company

SZSE:002626 Stock Report

Market Cap: CN¥9.7b

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 ratio54.6x
CashCN¥917.73m
EquityCN¥3.98b
Total liabilitiesCN¥1.64b
Total assetsCN¥5.62b

Recent financial health updates

Recent updates

We Think Xiamen Kingdomway Group (SZSE:002626) Can Manage Its Debt With Ease

Sep 27
We Think Xiamen Kingdomway Group (SZSE:002626) Can Manage Its Debt With Ease

Market Participants Recognise Xiamen Kingdomway Group Company's (SZSE:002626) Earnings

Aug 23
Market Participants Recognise Xiamen Kingdomway Group Company's (SZSE:002626) Earnings

Xiamen Kingdomway Group (SZSE:002626) Has Affirmed Its Dividend Of CN¥0.20

May 31
Xiamen Kingdomway Group (SZSE:002626) Has Affirmed Its Dividend Of CN¥0.20

Is Xiamen Kingdomway Group (SZSE:002626) A Risky Investment?

May 28
Is Xiamen Kingdomway Group (SZSE:002626) A Risky Investment?

What Xiamen Kingdomway Group Company's (SZSE:002626) P/E Is Not Telling You

Apr 30
What Xiamen Kingdomway Group Company's (SZSE:002626) P/E Is Not Telling You

Is Xiamen Kingdomway Group (SZSE:002626) Using Too Much Debt?

Feb 28
Is Xiamen Kingdomway Group (SZSE:002626) Using Too Much Debt?

Financial 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).


Balance Sheet


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