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¥8.3B and CN¥6.3B respectively. Yinchuan Xinhua Commercial (Group)'s EBIT is CN¥277.4M making its interest coverage ratio 1.8. It has cash and short-term investments of CN¥454.4M.
Key information
53.9%
Debt to equity ratio
CN¥1.06b
Debt
| Interest coverage ratio | 1.8x |
| Cash | CN¥454.43m |
| Equity | CN¥1.98b |
| Total liabilities | CN¥6.35b |
| Total assets | CN¥8.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600785's short term assets (CN¥1.8B) do not cover its short term liabilities (CN¥3.5B).
Long Term Liabilities: 600785's short term assets (CN¥1.8B) do not cover its long term liabilities (CN¥2.9B).
Debt to Equity History and Analysis
Debt Level: 600785's net debt to equity ratio (30.9%) is considered satisfactory.
Reducing Debt: 600785's debt to equity ratio has increased from 45.9% to 53.9% over the past 5 years.
Debt Coverage: 600785's debt is well covered by operating cash flow (73.6%).
Interest Coverage: 600785's interest payments on its debt are not well covered by EBIT (1.8x coverage).