Xingtong Shipping Balance Sheet Health
Financial Health criteria checks 4/6
Xingtong Shipping has a total shareholder equity of CN¥2.4B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 46.4%. Its total assets and total liabilities are CN¥3.8B and CN¥1.4B respectively. Xingtong Shipping's EBIT is CN¥336.2M making its interest coverage ratio 14.1. It has cash and short-term investments of CN¥449.8M.
Key information
46.4%
Debt to equity ratio
CN¥1.13b
Debt
| Interest coverage ratio | 14.1x |
| Cash | CN¥449.77m |
| Equity | CN¥2.44b |
| Total liabilities | CN¥1.36b |
| Total assets | CN¥3.80b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603209's short term assets (CN¥685.4M) exceed its short term liabilities (CN¥570.1M).
Long Term Liabilities: 603209's short term assets (CN¥685.4M) do not cover its long term liabilities (CN¥792.4M).
Debt to Equity History and Analysis
Debt Level: 603209's net debt to equity ratio (27.9%) is considered satisfactory.
Reducing Debt: 603209's debt to equity ratio has increased from 22.9% to 46.4% over the past 5 years.
Debt Coverage: 603209's debt is well covered by operating cash flow (46.2%).
Interest Coverage: 603209's interest payments on its debt are well covered by EBIT (14.1x coverage).