Zhixin Group Holding Balance Sheet Health
Financial Health criteria checks 4/6
Zhixin Group Holding has a total shareholder equity of CN¥454.3M and total debt of CN¥445.5M, which brings its debt-to-equity ratio to 98.1%. Its total assets and total liabilities are CN¥1.3B and CN¥816.3M respectively. Zhixin Group Holding's EBIT is CN¥8.4M making its interest coverage ratio 0.4. It has cash and short-term investments of CN¥26.2M.
Key information
98.1%
Debt to equity ratio
CN¥445.51m
Debt
| Interest coverage ratio | 0.4x |
| Cash | CN¥26.21m |
| Equity | CN¥454.32m |
| Total liabilities | CN¥816.33m |
| Total assets | CN¥1.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZHIX.F's short term assets (CN¥646.2M) exceed its short term liabilities (CN¥641.7M).
Long Term Liabilities: ZHIX.F's short term assets (CN¥646.2M) exceed its long term liabilities (CN¥174.6M).
Debt to Equity History and Analysis
Debt Level: ZHIX.F's net debt to equity ratio (92.3%) is considered high.
Reducing Debt: ZHIX.F's debt to equity ratio has reduced from 190.4% to 98.1% over the past 5 years.
Debt Coverage: ZHIX.F's debt is well covered by operating cash flow (24.5%).
Interest Coverage: ZHIX.F's interest payments on its debt are not well covered by EBIT (0.4x coverage).