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¥4.3B and total debt of CN¥3.4B, which brings its debt-to-equity ratio to 80.3%. Its total assets and total liabilities are CN¥9.5B and CN¥5.2B respectively. Ning Xia Yin Xing EnergyLtd's EBIT is CN¥356.5M making its interest coverage ratio 2.1. It has cash and short-term investments of CN¥234.8M.
Key information
80.3%
Debt to equity ratio
CN¥3.44b
Debt
| Interest coverage ratio | 2.1x |
| Cash | CN¥234.79m |
| Equity | CN¥4.28b |
| Total liabilities | CN¥5.19b |
| Total assets | CN¥9.47b |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Ning Xia Yin Xing EnergyLtd (SZSE:000862) Is Using Debt Extensively
Apr 19
We Think That There Are More Issues For Ning Xia Yin Xing EnergyLtd (SZSE:000862) Than Just Sluggish Earnings
Apr 01Investors Still Waiting For A Pull Back In Ning Xia Yin Xing Energy Co.,Ltd (SZSE:000862)
Mar 28Financial Position Analysis
Short Term Liabilities: 000862's short term assets (CN¥2.6B) do not cover its short term liabilities (CN¥3.1B).
Long Term Liabilities: 000862's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 000862's net debt to equity ratio (74.8%) is considered high.
Reducing Debt: 000862's debt to equity ratio has reduced from 232.7% to 80.3% over the past 5 years.
Debt Coverage: 000862's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: 000862's interest payments on its debt are not well covered by EBIT (2.1x coverage).