Yinchuan Xinhua Commercial (Group) Balance Sheet Health
Financial Health criteria checks 2/6
Yinchuan Xinhua Commercial (Group) has a total shareholder equity of CN¥2.0B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 53.9%. Its total assets and total liabilities are CN¥8.7B and CN¥6.7B respectively. Yinchuan Xinhua Commercial (Group)'s EBIT is CN¥302.8M making its interest coverage ratio 2. It has cash and short-term investments of CN¥479.4M.
Key information
53.9%
Debt to equity ratio
CN¥1.08b
Debt
Interest coverage ratio | 2x |
Cash | CN¥479.43m |
Equity | CN¥2.00b |
Total liabilities | CN¥6.67b |
Total assets | CN¥8.68b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600785's short term assets (CN¥1.9B) do not cover its short term liabilities (CN¥3.6B).
Long Term Liabilities: 600785's short term assets (CN¥1.9B) do not cover its long term liabilities (CN¥3.1B).
Debt to Equity History and Analysis
Debt Level: 600785's net debt to equity ratio (30%) is considered satisfactory.
Reducing Debt: 600785's debt to equity ratio has increased from 30.5% to 53.9% over the past 5 years.
Debt Coverage: 600785's debt is well covered by operating cash flow (73.7%).
Interest Coverage: 600785's interest payments on its debt are not well covered by EBIT (2x coverage).