Xinjiang Xinxin Mining Industry Balance Sheet Health
Financial Health criteria checks 6/6
Xinjiang Xinxin Mining Industry has a total shareholder equity of CN¥5.5B and total debt of CN¥768.1M, which brings its debt-to-equity ratio to 13.9%. Its total assets and total liabilities are CN¥7.8B and CN¥2.3B respectively. Xinjiang Xinxin Mining Industry's EBIT is CN¥356.4M making its interest coverage ratio 14. It has cash and short-term investments of CN¥564.8M.
Key information
13.9%
Debt to equity ratio
CN¥768.10m
Debt
Interest coverage ratio | 14x |
Cash | CN¥564.83m |
Equity | CN¥5.52b |
Total liabilities | CN¥2.32b |
Total assets | CN¥7.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 33X1's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 33X1's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 33X1's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: 33X1's debt to equity ratio has reduced from 58.5% to 13.9% over the past 5 years.
Debt Coverage: 33X1's debt is well covered by operating cash flow (72.6%).
Interest Coverage: 33X1's interest payments on its debt are well covered by EBIT (14x coverage).