Xiwang Special Steel Balance Sheet Health
Financial Health criteria checks 1/6
Xiwang Special Steel has a total shareholder equity of CN¥4.5B and total debt of CN¥4.5B, which brings its debt-to-equity ratio to 100.4%. Its total assets and total liabilities are CN¥15.1B and CN¥10.6B respectively.
Key information
100.4%
Debt to equity ratio
CN¥4.48b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥405.05m |
| Equity | CN¥4.46b |
| Total liabilities | CN¥10.61b |
| Total assets | CN¥15.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2XI's short term assets (CN¥2.9B) do not cover its short term liabilities (CN¥9.5B).
Long Term Liabilities: 2XI's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 2XI's net debt to equity ratio (91.3%) is considered high.
Reducing Debt: 2XI's debt to equity ratio has increased from 83.8% to 100.4% over the past 5 years.
Debt Coverage: 2XI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 2XI's interest payments on its debt are well covered by EBIT.