China National Chemical Engineering Balance Sheet Health
Financial Health criteria checks 6/6
China National Chemical Engineering has a total shareholder equity of CN¥67.5B and total debt of CN¥8.3B, which brings its debt-to-equity ratio to 12.3%. Its total assets and total liabilities are CN¥224.7B and CN¥157.2B respectively. China National Chemical Engineering's EBIT is CN¥7.2B making its interest coverage ratio -7.7. It has cash and short-term investments of CN¥39.7B.
Key information
12.3%
Debt to equity ratio
CN¥8.30b
Debt
| Interest coverage ratio | -7.7x |
| Cash | CN¥39.71b |
| Equity | CN¥67.51b |
| Total liabilities | CN¥157.16b |
| Total assets | CN¥224.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601117's short term assets (CN¥173.6B) exceed its short term liabilities (CN¥147.3B).
Long Term Liabilities: 601117's short term assets (CN¥173.6B) exceed its long term liabilities (CN¥9.9B).
Debt to Equity History and Analysis
Debt Level: 601117 has more cash than its total debt.
Reducing Debt: 601117's debt to equity ratio has reduced from 15.5% to 12.3% over the past 5 years.
Debt Coverage: 601117's debt is well covered by operating cash flow (82.7%).
Interest Coverage: 601117 earns more interest than it pays, so coverage of interest payments is not a concern.