Xinjiang Winka Times Department StoreLtd Balance Sheet Health
Financial Health criteria checks 4/6
Xinjiang Winka Times Department StoreLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥820.7M, which brings its debt-to-equity ratio to 55%. Its total assets and total liabilities are CN¥4.2B and CN¥2.7B respectively. Xinjiang Winka Times Department StoreLtd's EBIT is CN¥203.8M making its interest coverage ratio 4.5. It has cash and short-term investments of CN¥120.9M.
Key information
55.0%
Debt to equity ratio
CN¥820.75m
Debt
Interest coverage ratio | 4.5x |
Cash | CN¥120.91m |
Equity | CN¥1.49b |
Total liabilities | CN¥2.71b |
Total assets | CN¥4.21b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603101's short term assets (CN¥776.2M) do not cover its short term liabilities (CN¥2.4B).
Long Term Liabilities: 603101's short term assets (CN¥776.2M) exceed its long term liabilities (CN¥350.5M).
Debt to Equity History and Analysis
Debt Level: 603101's net debt to equity ratio (46.9%) is considered high.
Reducing Debt: 603101's debt to equity ratio has reduced from 66.4% to 55% over the past 5 years.
Debt Coverage: 603101's debt is well covered by operating cash flow (43.9%).
Interest Coverage: 603101's interest payments on its debt are well covered by EBIT (4.5x coverage).