Xingtong Shipping Balance Sheet Health
Financial Health criteria checks 4/6
Xingtong Shipping has a total shareholder equity of CN¥2.5B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 48.2%. Its total assets and total liabilities are CN¥3.9B and CN¥1.4B respectively. Xingtong Shipping's EBIT is CN¥339.7M making its interest coverage ratio 13. It has cash and short-term investments of CN¥490.5M.
Key information
48.2%
Debt to equity ratio
CN¥1.21b
Debt
| Interest coverage ratio | 13x |
| Cash | CN¥490.48m |
| Equity | CN¥2.50b |
| Total liabilities | CN¥1.42b |
| Total assets | CN¥3.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603209's short term assets (CN¥736.5M) exceed its short term liabilities (CN¥631.0M).
Long Term Liabilities: 603209's short term assets (CN¥736.5M) do not cover its long term liabilities (CN¥789.3M).
Debt to Equity History and Analysis
Debt Level: 603209's net debt to equity ratio (28.6%) is considered satisfactory.
Reducing Debt: 603209's debt to equity ratio has increased from 25.2% to 48.2% over the past 5 years.
Debt Coverage: 603209's debt is well covered by operating cash flow (48.1%).
Interest Coverage: 603209's interest payments on its debt are well covered by EBIT (13x coverage).