Xingtong Shipping has a total shareholder equity of CN¥2.7B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 48.2%. Its total assets and total liabilities are CN¥4.2B and CN¥1.6B respectively. Xingtong Shipping's EBIT is CN¥456.9M making its interest coverage ratio 17.3. It has cash and short-term investments of CN¥469.4M.
Key information
48.2%
Debt to equity ratio
CN¥1.29b
Debt
Interest coverage ratio
17.3x
Cash
CN¥469.38m
Equity
CN¥2.68b
Total liabilities
CN¥1.55b
Total assets
CN¥4.24b
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603209's short term assets (CN¥660.6M) do not cover its short term liabilities (CN¥661.7M).
Long Term Liabilities: 603209's short term assets (CN¥660.6M) do not cover its long term liabilities (CN¥891.9M).
Debt to Equity History and Analysis
Debt Level: 603209's net debt to equity ratio (30.7%) is considered satisfactory.
Reducing Debt: 603209's debt to equity ratio has increased from 29.6% to 48.2% over the past 5 years.
Debt Coverage: 603209's debt is well covered by operating cash flow (45%).
Interest Coverage: 603209's interest payments on its debt are well covered by EBIT (17.3x coverage).