Nanjing Chixia DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 3/6
Nanjing Chixia DevelopmentLtd has a total shareholder equity of CN¥4.4B and total debt of CN¥12.1B, which brings its debt-to-equity ratio to 276.4%. Its total assets and total liabilities are CN¥24.4B and CN¥20.0B respectively. Nanjing Chixia DevelopmentLtd's EBIT is CN¥208.4M making its interest coverage ratio 3.5. It has cash and short-term investments of CN¥2.5B.
Key information
276.4%
Debt to equity ratio
CN¥12.09b
Debt
| Interest coverage ratio | 3.5x |
| Cash | CN¥2.54b |
| Equity | CN¥4.38b |
| Total liabilities | CN¥20.01b |
| Total assets | CN¥24.38b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600533's short term assets (CN¥21.6B) exceed its short term liabilities (CN¥12.6B).
Long Term Liabilities: 600533's short term assets (CN¥21.6B) exceed its long term liabilities (CN¥7.4B).
Debt to Equity History and Analysis
Debt Level: 600533's net debt to equity ratio (218.4%) is considered high.
Reducing Debt: 600533's debt to equity ratio has increased from 234% to 276.4% over the past 5 years.
Debt Coverage: 600533's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600533's interest payments on its debt are well covered by EBIT (3.5x coverage).