Hubei Xingfa Chemicals Group Balance Sheet Health
Financial Health criteria checks 2/6
Hubei Xingfa Chemicals Group has a total shareholder equity of CN¥22.6B and total debt of CN¥13.7B, which brings its debt-to-equity ratio to 60.5%. Its total assets and total liabilities are CN¥47.1B and CN¥24.5B respectively. Hubei Xingfa Chemicals Group's EBIT is CN¥2.7B making its interest coverage ratio 7.9. It has cash and short-term investments of CN¥1.9B.
Key information
60.5%
Debt to equity ratio
CN¥13.66b
Debt
| Interest coverage ratio | 7.9x |
| Cash | CN¥1.87b |
| Equity | CN¥22.58b |
| Total liabilities | CN¥24.54b |
| Total assets | CN¥47.12b |
Recent financial health updates
Recent updates
Investors Continue Waiting On Sidelines For Hubei Xingfa Chemicals Group Co., Ltd. (SHSE:600141)
Oct 17
Some Investors May Be Worried About Hubei Xingfa Chemicals Group's (SHSE:600141) Returns On Capital
Sep 09Market Still Lacking Some Conviction On Hubei Xingfa Chemicals Group Co., Ltd. (SHSE:600141)
Jul 17Does Hubei Xingfa Chemicals Group (SHSE:600141) Have A Healthy Balance Sheet?
Jun 11Hubei Xingfa Chemicals Group (SHSE:600141) Will Want To Turn Around Its Return Trends
May 21Benign Growth For Hubei Xingfa Chemicals Group Co., Ltd. (SHSE:600141) Underpins Its Share Price
Apr 05Financial Position Analysis
Short Term Liabilities: 600141's short term assets (CN¥8.3B) do not cover its short term liabilities (CN¥13.8B).
Long Term Liabilities: 600141's short term assets (CN¥8.3B) do not cover its long term liabilities (CN¥10.7B).
Debt to Equity History and Analysis
Debt Level: 600141's net debt to equity ratio (52.2%) is considered high.
Reducing Debt: 600141's debt to equity ratio has reduced from 173.8% to 60.5% over the past 5 years.
Debt Coverage: 600141's debt is not well covered by operating cash flow (10.1%).
Interest Coverage: 600141's interest payments on its debt are well covered by EBIT (7.9x coverage).