Xinte Energy Balance Sheet Health
Financial Health criteria checks 6/6
Xinte Energy has a total shareholder equity of CN¥41.2B and total debt of CN¥22.2B, which brings its debt-to-equity ratio to 53.8%. Its total assets and total liabilities are CN¥85.9B and CN¥44.7B respectively. Xinte Energy's EBIT is CN¥7.2B making its interest coverage ratio 12.3. It has cash and short-term investments of CN¥13.6B.
Key information
53.8%
Debt to equity ratio
CN¥22.19b
Debt
Interest coverage ratio | 12.3x |
Cash | CN¥13.55b |
Equity | CN¥41.23b |
Total liabilities | CN¥44.70b |
Total assets | CN¥85.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1799's short term assets (CN¥31.5B) exceed its short term liabilities (CN¥23.4B).
Long Term Liabilities: 1799's short term assets (CN¥31.5B) exceed its long term liabilities (CN¥21.3B).
Debt to Equity History and Analysis
Debt Level: 1799's net debt to equity ratio (20.9%) is considered satisfactory.
Reducing Debt: 1799's debt to equity ratio has reduced from 114.7% to 53.8% over the past 5 years.
Debt Coverage: 1799's debt is well covered by operating cash flow (64.8%).
Interest Coverage: 1799's interest payments on its debt are well covered by EBIT (12.3x coverage).