Xinjiang Lixin Energy Balance Sheet Health
Financial Health criteria checks 2/6
Xinjiang Lixin Energy has a total shareholder equity of CN¥3.0B and total debt of CN¥9.1B, which brings its debt-to-equity ratio to 301.9%. Its total assets and total liabilities are CN¥12.9B and CN¥9.8B respectively. Xinjiang Lixin Energy's EBIT is CN¥386.8M making its interest coverage ratio 8.8. It has cash and short-term investments of CN¥367.3M.
Key information
301.9%
Debt to equity ratio
CN¥9.07b
Debt
| Interest coverage ratio | 8.8x |
| Cash | CN¥367.26m |
| Equity | CN¥3.01b |
| Total liabilities | CN¥9.85b |
| Total assets | CN¥12.85b |
Recent financial health updates
Xinjiang Lixin Energy (SZSE:001258) Has No Shortage Of Debt
Oct 02
Here's Why Xinjiang Lixin Energy (SZSE:001258) Is Weighed Down By Its Debt Load
Jun 10Recent updates
Why Xinjiang Lixin Energy's (SZSE:001258) Shaky Earnings Are Just The Beginning Of Its Problems
Nov 05Xinjiang Lixin Energy (SZSE:001258) Has No Shortage Of Debt
Oct 02There Are Reasons To Feel Uneasy About Xinjiang Lixin Energy's (SZSE:001258) Returns On Capital
Jul 15Here's Why Xinjiang Lixin Energy (SZSE:001258) Is Weighed Down By Its Debt Load
Jun 10We Think That There Are More Issues For Xinjiang Lixin Energy (SZSE:001258) Than Just Sluggish Earnings
May 06Financial Position Analysis
Short Term Liabilities: 001258's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 001258's short term assets (CN¥2.8B) do not cover its long term liabilities (CN¥7.1B).
Debt to Equity History and Analysis
Debt Level: 001258's net debt to equity ratio (289.6%) is considered high.
Reducing Debt: 001258's debt to equity ratio has increased from 254.5% to 301.9% over the past 5 years.
Debt Coverage: 001258's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: 001258's interest payments on its debt are well covered by EBIT (8.8x coverage).