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$7.1B, which brings its debt-to-equity ratio to 19.8%. Its total assets and total liabilities are HK$51.1B and HK$15.2B respectively. Xinyi Glass Holdings's EBIT is HK$6.1B making its interest coverage ratio 25. It has cash and short-term investments of HK$1.4B.
Key information
19.8%
Debt to equity ratio
HK$7.10b
Debt
| Interest coverage ratio | 25x |
| Cash | HK$1.38b |
| Equity | HK$35.85b |
| Total liabilities | HK$15.22b |
| Total assets | HK$51.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 868's short term assets (HK$13.5B) exceed its short term liabilities (HK$12.6B).
Long Term Liabilities: 868's short term assets (HK$13.5B) exceed its long term liabilities (HK$2.6B).
Debt to Equity History and Analysis
Debt Level: 868's net debt to equity ratio (16%) is considered satisfactory.
Reducing Debt: 868's debt to equity ratio has reduced from 52.6% to 19.8% over the past 5 years.
Debt Coverage: 868's debt is well covered by operating cash flow (80.7%).
Interest Coverage: 868's interest payments on its debt are well covered by EBIT (25x coverage).