Xinjiang Daqo New EnergyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Xinjiang Daqo New EnergyLtd has a total shareholder equity of CN¥44.2B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥50.3B and CN¥6.1B respectively. Xinjiang Daqo New EnergyLtd's EBIT is CN¥3.0B making its interest coverage ratio -9.1. It has cash and short-term investments of CN¥17.4B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -9.1x |
Cash | CN¥17.41b |
Equity | CN¥44.23b |
Total liabilities | CN¥6.08b |
Total assets | CN¥50.31b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688303's short term assets (CN¥21.9B) exceed its short term liabilities (CN¥5.1B).
Long Term Liabilities: 688303's short term assets (CN¥21.9B) exceed its long term liabilities (CN¥951.2M).
Debt to Equity History and Analysis
Debt Level: 688303 is debt free.
Reducing Debt: 688303 has no debt compared to 5 years ago when its debt to equity ratio was 49.9%.
Debt Coverage: 688303 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 688303 has no debt, therefore coverage of interest payments is not a concern.