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¥848.5M, which brings its debt-to-equity ratio to 21.1%. Its total assets and total liabilities are CN¥5.6B and CN¥1.5B respectively. Xiamen Kingdomway Group's EBIT is CN¥334.5M making its interest coverage ratio -36.4. It has cash and short-term investments of CN¥1.0B.
Key information
21.1%
Debt to equity ratio
CN¥848.48m
Debt
| Interest coverage ratio | -36.4x |
| Cash | CN¥1.01b |
| Equity | CN¥4.01b |
| Total liabilities | CN¥1.55b |
| Total assets | CN¥5.56b |
Financial Position Analysis
Short Term Liabilities: 002626's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥833.9M).
Long Term Liabilities: 002626's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥714.7M).
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 35.5% to 21.1% over the past 5 years.
Debt Coverage: 002626's debt is well covered by operating cash flow (50.3%).
Interest Coverage: 002626 earns more interest than it pays, so coverage of interest payments is not a concern.