Xingye Alloy Materials Group Balance Sheet Health
Financial Health criteria checks 5/6
Xingye Alloy Materials Group has a total shareholder equity of CN¥2.0B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 61.1%. Its total assets and total liabilities are CN¥4.6B and CN¥2.7B respectively. Xingye Alloy Materials Group's EBIT is CN¥240.2M making its interest coverage ratio -60.9. It has cash and short-term investments of CN¥573.9M.
Key information
61.1%
Debt to equity ratio
CN¥1.20b
Debt
| Interest coverage ratio | -60.9x |
| Cash | CN¥573.86m |
| Equity | CN¥1.96b |
| Total liabilities | CN¥2.67b |
| Total assets | CN¥4.64b |
Recent financial health updates
Is Xingye Alloy Materials Group (HKG:505) Using Too Much Debt?
Apr 19
Does Xingye Alloy Materials Group (HKG:505) Have A Healthy Balance Sheet?
Dec 17
Recent updates
Xingye Alloy Materials Group (HKG:505) Shareholders Will Want The ROCE Trajectory To Continue
May 10Is Xingye Alloy Materials Group (HKG:505) Using Too Much Debt?
Apr 19Is Xingye Alloy Materials Group Limited's (HKG:505) Shareholder Ownership Skewed Towards Insiders?
Feb 22Here's Why We Think Xingye Alloy Materials Group's (HKG:505) Statutory Earnings Might Be Conservative
Feb 01What Do The Returns On Capital At Xingye Alloy Materials Group (HKG:505) Tell Us?
Jan 07Does Xingye Alloy Materials Group (HKG:505) Have A Healthy Balance Sheet?
Dec 17Should Xingye Alloy Materials Group (HKG:505) Be Disappointed With Their 79% Profit?
Dec 02Financial Position Analysis
Short Term Liabilities: 505's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 505's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥193.8M).
Debt to Equity History and Analysis
Debt Level: 505's net debt to equity ratio (31.9%) is considered satisfactory.
Reducing Debt: 505's debt to equity ratio has reduced from 72% to 61.1% over the past 5 years.
Debt Coverage: 505's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 505 earns more interest than it pays, so coverage of interest payments is not a concern.