Zhejiang Xinao Textiles Inc.

Shanghai Stock Exchange 603889.SS

Zhejiang Xinao Textiles Inc. Debt to Equity Ratio for the year ending December 31, 2023: 0.38

Zhejiang Xinao Textiles Inc. Debt to Equity Ratio is 0.38 for the year ending December 31, 2023, a 45.78% change year over year. Debt to equity ratio represents the financing from debt versus equity. Higher ratio indicates more debt reliance, suggesting potential risk.

Zhejiang Xinao Textiles Inc. Debt to Equity Ratio for the year ending December 31, 2022 was 0.26, a 23.94% change year over year.
Zhejiang Xinao Textiles Inc. Debt to Equity Ratio for the year ending December 31, 2021 was 0.21, a 112.22% change year over year.
Zhejiang Xinao Textiles Inc. Debt to Equity Ratio for the year ending December 31, 2020 was 0.10, a -19.12% change year over year.
Zhejiang Xinao Textiles Inc. Debt to Equity Ratio for the year ending December 31, 2019 was 0.12, a 8.60% change year over year.

Key data

Date	Debt to Equity Ratio	Debt to Income Ratio	Debt to Tangible Net Worth Ratio	Dividend Coverage Ratio

Shanghai Stock Exchange: 603889.SS

Zhejiang Xinao Textiles Inc.

CEO	Mr. Xinzhong Hua
IPO Date	Dec. 31, 2014
Location	China
Headquarters	No. 48, Zhenzhi Street
Employees	3,979
Sector	Consumer Discretionary
Industries Apparel & Fashion Paper & Forest Products Retail & Wholesale

Description

Zhejiang Xinao Textiles Inc. researches and develops, produces, and sells wool spinning yarn and intermediate products of wool tops in China. Its products are primarily used in the downstream apparel brands. The company was formerly known as Zhejiang Xinao textiles Group Company LTD. and changed its name to Zhejiang Xinao Textiles Inc. in December 2007. Zhejiang Xinao Textiles Inc. was founded in 1991 and is based in Tongxiang, China.

Key trends

Past 5 years