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$8.2B, which brings its debt-to-equity ratio to 22.8%. Its total assets and total liabilities are HK$50.8B and HK$14.9B respectively. Xinyi Glass Holdings's EBIT is HK$5.7B making its interest coverage ratio 18.5. It has cash and short-term investments of HK$2.4B.
Key information
22.8%
Debt to equity ratio
HK$8.17b
Debt
Interest coverage ratio | 18.5x |
Cash | HK$2.39b |
Equity | HK$35.87b |
Total liabilities | HK$14.95b |
Total assets | HK$50.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 868's short term assets (HK$13.6B) exceed its short term liabilities (HK$11.3B).
Long Term Liabilities: 868's short term assets (HK$13.6B) exceed its long term liabilities (HK$3.6B).
Debt to Equity History and Analysis
Debt Level: 868's net debt to equity ratio (16.1%) is considered satisfactory.
Reducing Debt: 868's debt to equity ratio has reduced from 53.3% to 22.8% over the past 5 years.
Debt Coverage: 868's debt is well covered by operating cash flow (51.6%).
Interest Coverage: 868's interest payments on its debt are well covered by EBIT (18.5x coverage).