Xinjiang Winka Times Department StoreLtd Balance Sheet Health
Financial Health criteria checks 2/6
Xinjiang Winka Times Department StoreLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥943.6M, which brings its debt-to-equity ratio to 68.6%. Its total assets and total liabilities are CN¥4.2B and CN¥2.8B respectively. Xinjiang Winka Times Department StoreLtd's EBIT is CN¥148.6M making its interest coverage ratio 2.7. It has cash and short-term investments of CN¥150.7M.
Key information
68.6%
Debt to equity ratio
CN¥943.57m
Debt
| Interest coverage ratio | 2.7x |
| Cash | CN¥150.69m |
| Equity | CN¥1.38b |
| Total liabilities | CN¥2.85b |
| Total assets | CN¥4.22b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603101's short term assets (CN¥863.1M) do not cover its short term liabilities (CN¥2.5B).
Long Term Liabilities: 603101's short term assets (CN¥863.1M) exceed its long term liabilities (CN¥313.0M).
Debt to Equity History and Analysis
Debt Level: 603101's net debt to equity ratio (57.6%) is considered high.
Reducing Debt: 603101's debt to equity ratio has increased from 61.5% to 68.6% over the past 5 years.
Debt Coverage: 603101's debt is well covered by operating cash flow (43.1%).
Interest Coverage: 603101's interest payments on its debt are not well covered by EBIT (2.7x coverage).