Quzhou Xin'an Development Balance Sheet Health
Financial Health criteria checks 4/6
Quzhou Xin'an Development has a total shareholder equity of CN¥44.2B and total debt of CN¥35.6B, which brings its debt-to-equity ratio to 80.5%. Its total assets and total liabilities are CN¥101.1B and CN¥56.9B respectively. Quzhou Xin'an Development's EBIT is CN¥6.3B making its interest coverage ratio -7.2. It has cash and short-term investments of CN¥6.5B.
Key information
80.5%
Debt to equity ratio
CN¥35.55b
Debt
| Interest coverage ratio | -7.2x |
| Cash | CN¥6.52b |
| Equity | CN¥44.18b |
| Total liabilities | CN¥56.89b |
| Total assets | CN¥101.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600208's short term assets (CN¥45.4B) exceed its short term liabilities (CN¥44.0B).
Long Term Liabilities: 600208's short term assets (CN¥45.4B) exceed its long term liabilities (CN¥12.9B).
Debt to Equity History and Analysis
Debt Level: 600208's net debt to equity ratio (65.7%) is considered high.
Reducing Debt: 600208's debt to equity ratio has reduced from 221.2% to 80.5% over the past 5 years.
Debt Coverage: 600208's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600208 earns more interest than it pays, so coverage of interest payments is not a concern.