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 76.4%. Its total assets and total liabilities are CN¥3.5B and CN¥1.9B respectively. Qingdao Kingking Applied Chemistry's EBIT is CN¥81.6M making its interest coverage ratio -2.3. It has cash and short-term investments of CN¥665.9M.
Key information
76.4%
Debt to equity ratio
CN¥1.17b
Debt
| Interest coverage ratio | -2.3x |
| Cash | CN¥665.92m |
| Equity | CN¥1.53b |
| Total liabilities | CN¥1.94b |
| Total assets | CN¥3.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002094's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 002094's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥8.7M).
Debt to Equity History and Analysis
Debt Level: 002094's net debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: 002094's debt to equity ratio has increased from 31.8% to 76.4% over the past 5 years.
Debt Coverage: 002094's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002094 earns more interest than it pays, so coverage of interest payments is not a concern.