Xinyi Solar Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Xinyi Solar Holdings has a total shareholder equity of HK$37.9B and total debt of HK$10.5B, which brings its debt-to-equity ratio to 27.7%. Its total assets and total liabilities are HK$60.4B and HK$22.6B respectively. Xinyi Solar Holdings's EBIT is HK$6.1B making its interest coverage ratio 17.4. It has cash and short-term investments of HK$3.0B.
Key information
27.7%
Debt to equity ratio
HK$10.50b
Debt
Interest coverage ratio | 17.4x |
Cash | HK$3.04b |
Equity | HK$37.86b |
Total liabilities | HK$22.57b |
Total assets | HK$60.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XISH.Y's short term assets (HK$19.8B) exceed its short term liabilities (HK$17.2B).
Long Term Liabilities: XISH.Y's short term assets (HK$19.8B) exceed its long term liabilities (HK$5.4B).
Debt to Equity History and Analysis
Debt Level: XISH.Y's net debt to equity ratio (19.7%) is considered satisfactory.
Reducing Debt: XISH.Y's debt to equity ratio has reduced from 72.7% to 27.7% over the past 5 years.
Debt Coverage: XISH.Y's debt is well covered by operating cash flow (55.1%).
Interest Coverage: XISH.Y's interest payments on its debt are well covered by EBIT (17.4x coverage).