Chengdu Xingrong Environment Balance Sheet Health
Financial Health criteria checks 2/6
Chengdu Xingrong Environment has a total shareholder equity of CN¥19.2B and total debt of CN¥18.9B, which brings its debt-to-equity ratio to 98.9%. Its total assets and total liabilities are CN¥47.1B and CN¥28.0B respectively. Chengdu Xingrong Environment's EBIT is CN¥2.7B making its interest coverage ratio 8.1. It has cash and short-term investments of CN¥4.5B.
Key information
98.9%
Debt to equity ratio
CN¥18.95b
Debt
| Interest coverage ratio | 8.1x |
| Cash | CN¥4.50b |
| Equity | CN¥19.16b |
| Total liabilities | CN¥27.97b |
| Total assets | CN¥47.13b |
Recent financial health updates
Does Chengdu Xingrong Environment (SZSE:000598) Have A Healthy Balance Sheet?
Sep 30
We Think Chengdu Xingrong Environment (SZSE:000598) Is Taking Some Risk With Its Debt
May 06Recent updates
Returns On Capital At Chengdu Xingrong Environment (SZSE:000598) Have Hit The Brakes
Dec 24Improved Earnings Required Before Chengdu Xingrong Environment Co., Ltd. (SZSE:000598) Shares Find Their Feet
Nov 12Does Chengdu Xingrong Environment (SZSE:000598) Have A Healthy Balance Sheet?
Sep 30Returns On Capital At Chengdu Xingrong Environment (SZSE:000598) Have Hit The Brakes
Aug 23Chengdu Xingrong Environment Co., Ltd.'s (SZSE:000598) Shares Lagging The Market But So Is The Business
Jul 16Chengdu Xingrong Environment (SZSE:000598) Will Pay A Larger Dividend Than Last Year At CN¥0.17
Jun 23Slowing Rates Of Return At Chengdu Xingrong Environment (SZSE:000598) Leave Little Room For Excitement
May 22We Think Chengdu Xingrong Environment (SZSE:000598) Is Taking Some Risk With Its Debt
May 06Chengdu Xingrong Environment Co., Ltd. Just Missed Revenue By 5.1%: Here's What Analysts Think Will Happen Next
Apr 21Financial Position Analysis
Short Term Liabilities: 000598's short term assets (CN¥8.9B) exceed its short term liabilities (CN¥8.7B).
Long Term Liabilities: 000598's short term assets (CN¥8.9B) do not cover its long term liabilities (CN¥19.2B).
Debt to Equity History and Analysis
Debt Level: 000598's net debt to equity ratio (75.4%) is considered high.
Reducing Debt: 000598's debt to equity ratio has increased from 43% to 98.9% over the past 5 years.
Debt Coverage: 000598's debt is not well covered by operating cash flow (19.7%).
Interest Coverage: 000598's interest payments on its debt are well covered by EBIT (8.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 13:17 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Chengdu Xingrong Environment Co., Ltd. is covered by 12 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Hongwei Huang | Chasing Securities |
| Haoyuan Qu | China International Capital Corporation Limited |
| Chunyang Zhu | China Merchants Securities Co. Ltd. |