Xi'an Actionpower Electric Balance Sheet Health
Financial Health criteria checks 6/6
Xi'an Actionpower Electric has a total shareholder equity of CN¥1.8B and total debt of CN¥7.0M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥2.3B and CN¥461.1M respectively. Xi'an Actionpower Electric's EBIT is CN¥129.8M making its interest coverage ratio -364.1. It has cash and short-term investments of CN¥1.2B.
Key information
0.4%
Debt to equity ratio
CN¥7.00m
Debt
Interest coverage ratio | -364.1x |
Cash | CN¥1.16b |
Equity | CN¥1.84b |
Total liabilities | CN¥461.14m |
Total assets | CN¥2.30b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688719's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥440.0M).
Long Term Liabilities: 688719's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥21.2M).
Debt to Equity History and Analysis
Debt Level: 688719 has more cash than its total debt.
Reducing Debt: 688719's debt to equity ratio has reduced from 66.8% to 0.4% over the past 5 years.
Debt Coverage: 688719's debt is well covered by operating cash flow (643.8%).
Interest Coverage: 688719 earns more interest than it pays, so coverage of interest payments is not a concern.