Jiangsu ChengXing Phosph-Chemicals Balance Sheet Health
Financial Health criteria checks 3/6
Jiangsu ChengXing Phosph-Chemicals has a total shareholder equity of CN¥2.2B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 73.9%. Its total assets and total liabilities are CN¥5.3B and CN¥3.1B respectively. Jiangsu ChengXing Phosph-Chemicals's EBIT is CN¥34.2M making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥449.3M.
Key information
73.9%
Debt to equity ratio
CN¥1.65b
Debt
| Interest coverage ratio | 1.7x |
| Cash | CN¥449.28m |
| Equity | CN¥2.23b |
| Total liabilities | CN¥3.06b |
| Total assets | CN¥5.30b |
Recent financial health updates
Here's Why Jiangsu ChengXing Phosph-Chemicals (SHSE:600078) Has A Meaningful Debt Burden
Sep 30
Is Jiangsu ChengXing Phosph-Chemicals (SHSE:600078) A Risky Investment?
Jun 07Recent updates
Some Investors May Be Worried About Jiangsu ChengXing Phosph-Chemicals' (SHSE:600078) Returns On Capital
Dec 20There's No Escaping Jiangsu ChengXing Phosph-Chemicals Co., Ltd.'s (SHSE:600078) Muted Revenues Despite A 26% Share Price Rise
Nov 11Here's Why Jiangsu ChengXing Phosph-Chemicals (SHSE:600078) Has A Meaningful Debt Burden
Sep 30We Think That There Are Some Issues For Jiangsu ChengXing Phosph-Chemicals (SHSE:600078) Beyond Its Promising Earnings
Sep 06Jiangsu ChengXing Phosph-Chemicals Co., Ltd.'s (SHSE:600078) Prospects Need A Boost To Lift Shares
Aug 26Is Jiangsu ChengXing Phosph-Chemicals (SHSE:600078) A Risky Investment?
Jun 07Jiangsu ChengXing Phosph-Chemicals Co., Ltd.'s (SHSE:600078) Share Price Boosted 28% But Its Business Prospects Need A Lift Too
Apr 04Financial Position Analysis
Short Term Liabilities: 600078's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 600078's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 600078's net debt to equity ratio (53.7%) is considered high.
Reducing Debt: 600078's debt to equity ratio has reduced from 160.3% to 73.9% over the past 5 years.
Debt Coverage: 600078's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: 600078's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 11:26 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Jiangsu ChengXing Phosph-Chemicals Co., Ltd. is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Changjiang Securities Co. LTD. |
| Wali Yu | China Minzu Securities |
| Wang Zhe | Citic Securities Co., Ltd. |