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¥33.0M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CN¥3.2B and CN¥916.6M respectively. WuXi Xinje ElectricLtd's EBIT is CN¥209.1M making its interest coverage ratio -4.9. It has cash and short-term investments of CN¥1.0B.
Key information
1.5%
Debt to equity ratio
CN¥33.00m
Debt
| Interest coverage ratio | -4.9x |
| Cash | CN¥1.05b |
| Equity | CN¥2.24b |
| Total liabilities | CN¥916.62m |
| Total assets | CN¥3.16b |
Recent financial health updates
Is WuXi Xinje ElectricLtd (SHSE:603416) Using Too Much Debt?
Sep 30
WuXi Xinje ElectricLtd (SHSE:603416) Has A Rock Solid Balance Sheet
May 28WuXi Xinje ElectricLtd (SHSE:603416) Seems To Use Debt Quite Sensibly
Feb 28Recent updates
WuXi Xinje Electric Co.,Ltd.'s (SHSE:603416) Low P/E No Reason For Excitement
Oct 16Is WuXi Xinje ElectricLtd (SHSE:603416) Using Too Much Debt?
Sep 30WuXi Xinje Electric Co.,Ltd.'s (SHSE:603416) Share Price Is Matching Sentiment Around Its Earnings
Jun 26WuXi Xinje ElectricLtd (SHSE:603416) Has A Rock Solid Balance Sheet
May 28WuXi Xinje ElectricLtd's (SHSE:603416) Conservative Accounting Might Explain Soft Earnings
Apr 26The 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¥2.4B) exceed its short term liabilities (CN¥885.3M).
Long Term Liabilities: 603416's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥31.3M).
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 1.5% over the past 5 years.
Debt Coverage: 603416's debt is well covered by operating cash flow (411.8%).
Interest Coverage: 603416 earns more interest than it pays, so coverage of interest payments is not a concern.