Inner Mongolia Xinhua Distribution GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Inner Mongolia Xinhua Distribution GroupLtd has a total shareholder equity of CN¥2.7B and total debt of CN¥244.3K, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are CN¥4.5B and CN¥1.8B respectively. Inner Mongolia Xinhua Distribution GroupLtd's EBIT is CN¥227.5M making its interest coverage ratio -5. It has cash and short-term investments of CN¥2.5B.
Key information
0.009%
Debt to equity ratio
CN¥244.32k
Debt
| Interest coverage ratio | -5x |
| Cash | CN¥2.51b |
| Equity | CN¥2.70b |
| Total liabilities | CN¥1.78b |
| Total assets | CN¥4.49b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603230's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 603230's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥290.9M).
Debt to Equity History and Analysis
Debt Level: 603230 has more cash than its total debt.
Reducing Debt: 603230's debt to equity ratio has increased from 0% to 0.01% over the past 5 years.
Debt Coverage: 603230's debt is well covered by operating cash flow (178051.1%).
Interest Coverage: 603230 earns more interest than it pays, so coverage of interest payments is not a concern.