Xinyi Solar Holdings Balance Sheet Health
Financial Health criteria checks 6/6
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
Does Xinyi Solar Holdings (HKG:968) Have A Healthy Balance Sheet?
Aug 15
Does Xinyi Solar Holdings (HKG:968) Have A Healthy Balance Sheet?
Mar 26Here's Why Xinyi Solar Holdings (HKG:968) Has A Meaningful Debt Burden
Dec 04Xinyi Solar Holdings (HKG:968) Seems To Use Debt Quite Sensibly
Sep 04Is Xinyi Solar Holdings (HKG:968) Using Too Much Debt?
Mar 06Does Xinyi Solar Holdings (HKG:968) Have A Healthy Balance Sheet?
Sep 26Recent updates
Estimating The Fair Value Of Xinyi Solar Holdings Limited (HKG:968)
Nov 04Xinyi Solar Holdings Limited's (HKG:968) Shares Leap 38% Yet They're Still Not Telling The Full Story
Sep 30Should You Think About Buying Xinyi Solar Holdings Limited (HKG:968) Now?
Sep 08Returns On Capital Are Showing Encouraging Signs At Xinyi Solar Holdings (HKG:968)
Aug 26Does Xinyi Solar Holdings (HKG:968) Have A Healthy Balance Sheet?
Aug 15Xinyi Solar Holdings (HKG:968) Will Pay A Dividend Of HK$0.10
Aug 03Are Investors Undervaluing Xinyi Solar Holdings Limited (HKG:968) By 49%?
Jul 29Not Many Are Piling Into Xinyi Solar Holdings Limited (HKG:968) Stock Yet As It Plummets 28%
Jun 30When Should You Buy Xinyi Solar Holdings Limited (HKG:968)?
Jun 02Xinyi Solar Holdings' (HKG:968) Dividend Will Be Increased To HK$0.15
May 01Here's What To Make Of Xinyi Solar Holdings' (HKG:968) Decelerating Rates Of Return
Apr 29Calculating The Intrinsic Value Of Xinyi Solar Holdings Limited (HKG:968)
Apr 16Xinyi Solar Holdings Limited's (HKG:968) P/E Is Still On The Mark Following 29% Share Price Bounce
Apr 02Does Xinyi Solar Holdings (HKG:968) Have A Healthy Balance Sheet?
Mar 26Results: Xinyi Solar Holdings Limited Beat Earnings Expectations And Analysts Now Have New Forecasts
Mar 02When Should You Buy Xinyi Solar Holdings Limited (HKG:968)?
Feb 02Xinyi Solar Holdings Limited (HKG:968) Not Lagging Market On Growth Or Pricing
Dec 18Here's Why Xinyi Solar Holdings (HKG:968) Has A Meaningful Debt Burden
Dec 04Xinyi Solar Holdings' (HKG:968) Returns On Capital Not Reflecting Well On The Business
Nov 21Is There Now An Opportunity In Xinyi Solar Holdings Limited (HKG:968)?
Oct 25Xinyi Solar Holdings (HKG:968) Seems To Use Debt Quite Sensibly
Sep 04Returns On Capital Signal Tricky Times Ahead For Xinyi Solar Holdings (HKG:968)
Aug 17Xinyi Solar Holdings (HKG:968) Will Pay A Smaller Dividend Than Last Year
Aug 03Is Now An Opportune Moment To Examine Xinyi Solar Holdings Limited (HKG:968)?
Jul 18Xinyi Solar Holdings (HKG:968) Has Affirmed Its Dividend Of HK$0.10
Jun 04A Look At The Intrinsic Value Of Xinyi Solar Holdings Limited (HKG:968)
May 29Some Investors May Be Worried About Xinyi Solar Holdings' (HKG:968) Returns On Capital
May 15Is It Time To Consider Buying Xinyi Solar Holdings Limited (HKG:968)?
Apr 04Is Xinyi Solar Holdings (HKG:968) Using Too Much Debt?
Mar 06Calculating The Fair Value Of Xinyi Solar Holdings Limited (HKG:968)
Feb 21Is It Time To Consider Buying Xinyi Solar Holdings Limited (HKG:968)?
Dec 06Is Xinyi Solar Holdings Limited (HKG:968) Trading At A 37% Discount?
Nov 21The Returns On Capital At Xinyi Solar Holdings (HKG:968) Don't Inspire Confidence
Oct 10Does Xinyi Solar Holdings (HKG:968) Have A Healthy Balance Sheet?
Sep 26At HK$11.98, Is Xinyi Solar Holdings Limited (HKG:968) Worth Looking At Closely?
Aug 17Xinyi Solar Holdings' (HKG:968) Dividend Will Be Reduced To HK$0.10
Aug 03Returns On Capital Signal Tricky Times Ahead For Xinyi Solar Holdings (HKG:968)
Jun 28Is Xinyi Solar Holdings Limited (HKG:968) Worth HK$12.7 Based On Its Intrinsic Value?
Jun 16Xinyi Solar Holdings' (HKG:968) Dividend Is Being Reduced To HK$0.10
Jun 03Financial Position Analysis
Short Term Liabilities: 968's short term assets (HK$20.4B) exceed its short term liabilities (HK$17.6B).
Long Term Liabilities: 968's short term assets (HK$20.4B) exceed its long term liabilities (HK$7.4B).
Debt to Equity History and Analysis
Debt Level: 968's net debt to equity ratio (23.9%) is considered satisfactory.
Reducing Debt: 968's debt to equity ratio has reduced from 44.7% to 29.8% over the past 5 years.
Debt Coverage: 968's debt is well covered by operating cash flow (43.5%).
Interest Coverage: 968's interest payments on its debt are well covered by EBIT (16.5x coverage).