Chengdu Xingrong Environment Balance Sheet Health
Financial Health criteria checks 2/6
Chengdu Xingrong Environment has a total shareholder equity of CN¥18.4B and total debt of CN¥19.1B, which brings its debt-to-equity ratio to 103.8%. Its total assets and total liabilities are CN¥46.1B and CN¥27.7B respectively. Chengdu Xingrong Environment's EBIT is CN¥2.5B making its interest coverage ratio 8.7. It has cash and short-term investments of CN¥5.4B.
Key information
103.8%
Debt to equity ratio
CN¥19.14b
Debt
| Interest coverage ratio | 8.7x |
| Cash | CN¥5.42b |
| Equity | CN¥18.43b |
| Total liabilities | CN¥27.68b |
| Total assets | CN¥46.12b |
Recent financial health updates
Recent updates
Chengdu Xingrong Environment (SZSE:000598) Will Pay A Larger Dividend Than Last Year At CN¥0.17
Jun 23
Slowing 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¥9.6B) exceed its short term liabilities (CN¥8.9B).
Long Term Liabilities: 000598's short term assets (CN¥9.6B) do not cover its long term liabilities (CN¥18.8B).
Debt to Equity History and Analysis
Debt Level: 000598's net debt to equity ratio (74.4%) is considered high.
Reducing Debt: 000598's debt to equity ratio has increased from 44.7% to 103.8% over the past 5 years.
Debt Coverage: 000598's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: 000598's interest payments on its debt are well covered by EBIT (8.7x coverage).