Xinyi Energy Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Xinyi Energy Holdings has a total shareholder equity of HK$13.3B and total debt of HK$6.3B, which brings its debt-to-equity ratio to 47.1%. Its total assets and total liabilities are HK$21.1B and HK$7.8B respectively. Xinyi Energy Holdings's EBIT is HK$1.7B making its interest coverage ratio 4.7. It has cash and short-term investments of HK$703.0M.
Key information
47.1%
Debt to equity ratio
HK$6.27b
Debt
Interest coverage ratio | 4.7x |
Cash | HK$702.95m |
Equity | HK$13.31b |
Total liabilities | HK$7.83b |
Total assets | HK$21.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3868's short term assets (HK$5.0B) exceed its short term liabilities (HK$4.2B).
Long Term Liabilities: 3868's short term assets (HK$5.0B) exceed its long term liabilities (HK$3.7B).
Debt to Equity History and Analysis
Debt Level: 3868's net debt to equity ratio (41.8%) is considered high.
Reducing Debt: 3868's debt to equity ratio has increased from 26.4% to 47.1% over the past 5 years.
Debt Coverage: 3868's debt is not well covered by operating cash flow (12%).
Interest Coverage: 3868's interest payments on its debt are well covered by EBIT (4.7x coverage).