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
No updates
Recent updates
Financial 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.