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
Improved 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).