Xiamen Xiangyu Balance Sheet Health
Financial Health criteria checks 5/6
Xiamen Xiangyu has a total shareholder equity of CN¥38.8B and total debt of CN¥37.9B, which brings its debt-to-equity ratio to 97.8%. Its total assets and total liabilities are CN¥133.7B and CN¥94.9B respectively. Xiamen Xiangyu's EBIT is CN¥3.6B making its interest coverage ratio 3.6. It has cash and short-term investments of CN¥21.2B.
Key information
97.8%
Debt to equity ratio
CN¥37.88b
Debt
Interest coverage ratio | 3.6x |
Cash | CN¥21.16b |
Equity | CN¥38.75b |
Total liabilities | CN¥94.92b |
Total assets | CN¥133.67b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600057's short term assets (CN¥115.2B) exceed its short term liabilities (CN¥89.9B).
Long Term Liabilities: 600057's short term assets (CN¥115.2B) exceed its long term liabilities (CN¥5.0B).
Debt to Equity History and Analysis
Debt Level: 600057's net debt to equity ratio (43.2%) is considered high.
Reducing Debt: 600057's debt to equity ratio has reduced from 127.3% to 97.8% over the past 5 years.
Debt Coverage: 600057's debt is well covered by operating cash flow (52.9%).
Interest Coverage: 600057's interest payments on its debt are well covered by EBIT (3.6x coverage).