Ning Xia Yin Xing Energy Co.,Ltd

SZSE:000862 Stock Report

Market Cap: CN¥5.0b

Ning Xia Yin Xing EnergyLtd Balance Sheet Health

Financial Health criteria checks 2/6

Ning Xia Yin Xing EnergyLtd has a total shareholder equity of CN¥4.4B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 66.9%. Its total assets and total liabilities are CN¥9.4B and CN¥4.9B respectively. Ning Xia Yin Xing EnergyLtd's EBIT is CN¥328.8M making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥187.0M.

Key information

66.9%

Debt to equity ratio

CN¥2.96b

Debt

Interest coverage ratio2.5x
CashCN¥186.98m
EquityCN¥4.42b
Total liabilitiesCN¥4.94b
Total assetsCN¥9.36b

Recent financial health updates

Recent updates

Some Shareholders Feeling Restless Over Ning Xia Yin Xing Energy Co.,Ltd's (SZSE:000862) P/E Ratio

Oct 01
Some Shareholders Feeling Restless Over Ning Xia Yin Xing Energy Co.,Ltd's (SZSE:000862) P/E Ratio

These 4 Measures Indicate That Ning Xia Yin Xing EnergyLtd (SZSE:000862) Is Using Debt Extensively

Apr 19
These 4 Measures Indicate That Ning Xia Yin Xing EnergyLtd (SZSE:000862) Is Using Debt Extensively

We Think That There Are More Issues For Ning Xia Yin Xing EnergyLtd (SZSE:000862) Than Just Sluggish Earnings

Apr 01
We Think That There Are More Issues For Ning Xia Yin Xing EnergyLtd (SZSE:000862) Than Just Sluggish Earnings

Investors Still Waiting For A Pull Back In Ning Xia Yin Xing Energy Co.,Ltd (SZSE:000862)

Mar 28
Investors Still Waiting For A Pull Back In Ning Xia Yin Xing Energy Co.,Ltd (SZSE:000862)

Financial Position Analysis

Short Term Liabilities: 000862's short term assets (CN¥2.8B) do not cover its short term liabilities (CN¥3.3B).

Long Term Liabilities: 000862's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥1.6B).


Debt to Equity History and Analysis

Debt Level: 000862's net debt to equity ratio (62.6%) is considered high.

Reducing Debt: 000862's debt to equity ratio has reduced from 225.4% to 66.9% over the past 5 years.

Debt Coverage: 000862's debt is not well covered by operating cash flow (17.1%).

Interest Coverage: 000862's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


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