Chengdu Xuguang Electronics Balance Sheet Health
Financial Health criteria checks 5/6
Chengdu Xuguang Electronics has a total shareholder equity of CN¥1.9B and total debt of CN¥354.2M, which brings its debt-to-equity ratio to 18.7%. Its total assets and total liabilities are CN¥3.2B and CN¥1.3B respectively. Chengdu Xuguang Electronics's EBIT is CN¥109.2M making its interest coverage ratio 11.7. It has cash and short-term investments of CN¥273.0M.
Key information
18.7%
Debt to equity ratio
CN¥354.21m
Debt
| Interest coverage ratio | 11.7x |
| Cash | CN¥273.02m |
| Equity | CN¥1.90b |
| Total liabilities | CN¥1.26b |
| Total assets | CN¥3.15b |
Recent financial health updates
Recent updates
The Returns On Capital At Chengdu Xuguang Electronics (SHSE:600353) Don't Inspire Confidence
Nov 17
Earnings Not Telling The Story For Chengdu Xuguang Electronics Co., Ltd. (SHSE:600353) After Shares Rise 40%
Oct 21Chengdu Xuguang Electronics Co., Ltd. (SHSE:600353) Stock Rockets 40% As Investors Are Less Pessimistic Than Expected
Oct 21Here's Why Chengdu Xuguang Electronics (SHSE:600353) Can Manage Its Debt Responsibly
Jul 18Chengdu Xuguang Electronics Co., Ltd.'s (SHSE:600353) Shareholders Might Be Looking For Exit
Jun 25Risks To Shareholder Returns Are Elevated At These Prices For Chengdu Xuguang Electronics Co., Ltd. (SHSE:600353)
Mar 01Financial Position Analysis
Short Term Liabilities: 600353's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥968.5M).
Long Term Liabilities: 600353's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥290.1M).
Debt to Equity History and Analysis
Debt Level: 600353's net debt to equity ratio (4.3%) is considered satisfactory.
Reducing Debt: 600353's debt to equity ratio has increased from 3.9% to 18.7% over the past 5 years.
Debt Coverage: 600353's debt is well covered by operating cash flow (36.8%).
Interest Coverage: 600353's interest payments on its debt are well covered by EBIT (11.7x coverage).