Qingdao Kingking Applied Chemistry Balance Sheet Health
Financial Health criteria checks 4/6
Qingdao Kingking Applied Chemistry has a total shareholder equity of CN¥1.5B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 80.2%. Its total assets and total liabilities are CN¥3.2B and CN¥1.7B respectively. Qingdao Kingking Applied Chemistry's EBIT is CN¥13.1M making its interest coverage ratio -0.1. It has cash and short-term investments of CN¥749.5M.
Key information
80.2%
Debt to equity ratio
CN¥1.17b
Debt
Interest coverage ratio | -0.1x |
Cash | CN¥749.54m |
Equity | CN¥1.46b |
Total liabilities | CN¥1.69b |
Total assets | CN¥3.15b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002094's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 002094's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥8.9M).
Debt to Equity History and Analysis
Debt Level: 002094's net debt to equity ratio (28.9%) is considered satisfactory.
Reducing Debt: 002094's debt to equity ratio has increased from 49.9% to 80.2% over the past 5 years.
Debt Coverage: 002094's debt is not well covered by operating cash flow (4.4%).
Interest Coverage: 002094 earns more interest than it pays, so coverage of interest payments is not a concern.