Qingdao Kingking Applied Chemistry Balance Sheet Health
Financial Health criteria checks 5/6
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 78.5%. Its total assets and total liabilities are CN¥3.2B and CN¥1.8B respectively. Qingdao Kingking Applied Chemistry's EBIT is CN¥8.9M making its interest coverage ratio -0.1. It has cash and short-term investments of CN¥571.9M.
Key information
78.5%
Debt to equity ratio
CN¥1.16b
Debt
Interest coverage ratio | -0.1x |
Cash | CN¥571.86m |
Equity | CN¥1.48b |
Total liabilities | CN¥1.77b |
Total assets | CN¥3.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002094's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 002094's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥7.5M).
Debt to Equity History and Analysis
Debt Level: 002094's net debt to equity ratio (39.8%) is considered satisfactory.
Reducing Debt: 002094's debt to equity ratio has increased from 48% to 78.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 002094 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 002094 has sufficient cash runway for 2.5 years if free cash flow continues to grow at historical rates of 18.8% each year.