Xinyi Solar Holdings has a total shareholder equity of HK$37.5B and total debt of HK$11.2B, which brings its debt-to-equity ratio to 29.8%. Its total assets and total liabilities are HK$62.5B and HK$25.0B respectively. Xinyi Solar Holdings's EBIT is HK$6.8B making its interest coverage ratio 16.5. It has cash and short-term investments of HK$2.2B.
Key information
29.8%
Debt to equity ratio
HK$11.16b
Debt
Interest coverage ratio
16.5x
Cash
HK$2.20b
Equity
HK$37.49b
Total liabilities
HK$24.97b
Total assets
HK$62.47b
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 13X0's short term assets (HK$20.4B) exceed its short term liabilities (HK$17.6B).
Long Term Liabilities: 13X0's short term assets (HK$20.4B) exceed its long term liabilities (HK$7.4B).
Debt to Equity History and Analysis
Debt Level: 13X0's net debt to equity ratio (23.9%) is considered satisfactory.
Reducing Debt: 13X0's debt to equity ratio has reduced from 44.7% to 29.8% over the past 5 years.
Debt Coverage: 13X0's debt is well covered by operating cash flow (43.5%).
Interest Coverage: 13X0's interest payments on its debt are well covered by EBIT (16.5x coverage).