Xinyi Glass Holdings Limited

DB:XI9 Stock Report

Market Cap: €4.3b

Xinyi Glass Holdings Balance Sheet Health

Financial Health criteria checks 6/6

Xinyi Glass Holdings has a total shareholder equity of HK$35.9B and total debt of HK$7.1B, which brings its debt-to-equity ratio to 19.8%. Its total assets and total liabilities are HK$51.1B and HK$15.2B respectively. Xinyi Glass Holdings's EBIT is HK$6.1B making its interest coverage ratio 25. It has cash and short-term investments of HK$1.4B.

Key information

19.8%

Debt to equity ratio

HK$7.10b

Debt

Interest coverage ratio25x
CashHK$1.38b
EquityHK$35.85b
Total liabilitiesHK$15.22b
Total assetsHK$51.08b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: XI9's short term assets (HK$13.5B) exceed its short term liabilities (HK$12.6B).

Long Term Liabilities: XI9's short term assets (HK$13.5B) exceed its long term liabilities (HK$2.6B).


Debt to Equity History and Analysis

Debt Level: XI9's net debt to equity ratio (16%) is considered satisfactory.

Reducing Debt: XI9's debt to equity ratio has reduced from 52.6% to 19.8% over the past 5 years.

Debt Coverage: XI9's debt is well covered by operating cash flow (80.7%).

Interest Coverage: XI9's interest payments on its debt are well covered by EBIT (25x coverage).


Balance Sheet


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