WuXi Xinje ElectricLtd Balance Sheet Health
Financial Health criteria checks 5/6
WuXi Xinje ElectricLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥183.0M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are CN¥3.0B and CN¥869.9M respectively. WuXi Xinje ElectricLtd's EBIT is CN¥220.7M making its interest coverage ratio -5.7. It has cash and short-term investments of CN¥1.2B.
Key information
8.5%
Debt to equity ratio
CN¥183.00m
Debt
| Interest coverage ratio | -5.7x |
| Cash | CN¥1.25b |
| Equity | CN¥2.16b |
| Total liabilities | CN¥869.94m |
| Total assets | CN¥3.03b |
Recent financial health updates
Recent updates
WuXi Xinje ElectricLtd's (SHSE:603416) Conservative Accounting Might Explain Soft Earnings
Apr 26
The Returns On Capital At WuXi Xinje ElectricLtd (SHSE:603416) Don't Inspire Confidence
Mar 28There's No Escaping WuXi Xinje Electric Co.,Ltd.'s (SHSE:603416) Muted Earnings Despite A 33% Share Price Rise
Mar 06WuXi Xinje ElectricLtd (SHSE:603416) Seems To Use Debt Quite Sensibly
Feb 28Financial Position Analysis
Short Term Liabilities: 603416's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥837.4M).
Long Term Liabilities: 603416's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥32.5M).
Debt to Equity History and Analysis
Debt Level: 603416 has more cash than its total debt.
Reducing Debt: 603416's debt to equity ratio has increased from 0% to 8.5% over the past 5 years.
Debt Coverage: 603416's debt is well covered by operating cash flow (85.9%).
Interest Coverage: 603416 earns more interest than it pays, so coverage of interest payments is not a concern.