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¥1.1B, which brings its debt-to-equity ratio to 26.8%. Its total assets and total liabilities are CN¥5.9B and CN¥1.8B respectively. Xiamen Kingdomway Group's EBIT is CN¥342.3M making its interest coverage ratio -314. It has cash and short-term investments of CN¥1.1B.
Key information
26.8%
Debt to equity ratio
CN¥1.08b
Debt
| Interest coverage ratio | -314x |
| Cash | CN¥1.09b |
| Equity | CN¥4.04b |
| Total liabilities | CN¥1.83b |
| Total assets | CN¥5.87b |
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¥2.4B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002626's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥760.2M).
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 44.4% to 26.8% over the past 5 years.
Debt Coverage: 002626's debt is well covered by operating cash flow (38.7%).
Interest Coverage: 002626 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 06:09 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Xiamen Kingdomway Group Company is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jiaqi Yu | China Merchants Securities Co. Ltd. |
| Zhe Wang | Citic Securities Co., Ltd. |
| Jie Yao | Everbright Securities Co. Ltd. |