Zhejiang Jiahua Energy Chemical IndustryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Jiahua Energy Chemical IndustryLtd has a total shareholder equity of CN¥9.9B and total debt of CN¥570.3M, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are CN¥11.8B and CN¥1.9B respectively. Zhejiang Jiahua Energy Chemical IndustryLtd's EBIT is CN¥1.3B making its interest coverage ratio -20.2. It has cash and short-term investments of CN¥925.9M.
Key information
5.7%
Debt to equity ratio
CN¥570.26m
Debt
Interest coverage ratio | -20.2x |
Cash | CN¥925.92m |
Equity | CN¥9.92b |
Total liabilities | CN¥1.85b |
Total assets | CN¥11.77b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600273's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 600273's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥136.1M).
Debt to Equity History and Analysis
Debt Level: 600273 has more cash than its total debt.
Reducing Debt: 600273's debt to equity ratio has reduced from 8.7% to 5.7% over the past 5 years.
Debt Coverage: 600273's debt is well covered by operating cash flow (54.8%).
Interest Coverage: 600273 earns more interest than it pays, so coverage of interest payments is not a concern.