Xinyi Energy Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Xinyi Energy Holdings has a total shareholder equity of HK$13.0B and total debt of HK$6.6B, which brings its debt-to-equity ratio to 50.9%. Its total assets and total liabilities are HK$21.5B and HK$8.5B respectively. Xinyi Energy Holdings's EBIT is HK$1.5B making its interest coverage ratio 4. It has cash and short-term investments of HK$551.0M.
Key information
50.9%
Debt to equity ratio
HK$6.63b
Debt
| Interest coverage ratio | 4x |
| Cash | HK$550.99m |
| Equity | HK$13.01b |
| Total liabilities | HK$8.49b |
| Total assets | HK$21.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3868's short term assets (HK$5.3B) exceed its short term liabilities (HK$3.5B).
Long Term Liabilities: 3868's short term assets (HK$5.3B) exceed its long term liabilities (HK$5.0B).
Debt to Equity History and Analysis
Debt Level: 3868's net debt to equity ratio (46.7%) is considered high.
Reducing Debt: 3868's debt to equity ratio has increased from 26.1% to 50.9% over the past 5 years.
Debt Coverage: 3868's debt is not well covered by operating cash flow (11.3%).
Interest Coverage: 3868's interest payments on its debt are well covered by EBIT (4x coverage).