Jiangsu ChengXing Phosph-Chemicals Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu ChengXing Phosph-Chemicals has a total shareholder equity of CN¥2.3B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 74.9%. Its total assets and total liabilities are CN¥5.3B and CN¥3.0B respectively. Jiangsu ChengXing Phosph-Chemicals's EBIT is CN¥103.9M making its interest coverage ratio 5. It has cash and short-term investments of CN¥506.3M.
Key information
74.9%
Debt to equity ratio
CN¥1.70b
Debt
| Interest coverage ratio | 5x |
| Cash | CN¥506.29m |
| Equity | CN¥2.28b |
| Total liabilities | CN¥3.03b |
| 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
Here'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 (52.6%) is considered high.
Reducing Debt: 600078's debt to equity ratio has reduced from 157.5% to 74.9% over the past 5 years.
Debt Coverage: 600078's debt is well covered by operating cash flow (22.4%).
Interest Coverage: 600078's interest payments on its debt are well covered by EBIT (5x coverage).