Xi'an NovaStar Tech Balance Sheet Health
Financial Health criteria checks 5/6
Xi'an NovaStar Tech has a total shareholder equity of CN¥3.8B and total debt of CN¥755.4M, which brings its debt-to-equity ratio to 20.1%. Its total assets and total liabilities are CN¥5.6B and CN¥1.8B respectively. Xi'an NovaStar Tech's EBIT is CN¥688.9M making its interest coverage ratio -6853.7. It has cash and short-term investments of CN¥2.0B.
Key information
20.1%
Debt to equity ratio
CN¥755.44m
Debt
| Interest coverage ratio | -6853.7x |
| Cash | CN¥1.97b |
| Equity | CN¥3.76b |
| Total liabilities | CN¥1.84b |
| Total assets | CN¥5.60b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 301589's short term assets (CN¥4.4B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 301589's short term assets (CN¥4.4B) exceed its long term liabilities (CN¥527.8M).
Debt to Equity History and Analysis
Debt Level: 301589 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 301589's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 301589's debt is well covered by operating cash flow (34.3%).
Interest Coverage: 301589 earns more interest than it pays, so coverage of interest payments is not a concern.