Wanhua Chemical Group Balance Sheet Health
Financial Health criteria checks 3/6
Wanhua Chemical Group has a total shareholder equity of CN¥94.5B and total debt of CN¥90.9B, which brings its debt-to-equity ratio to 96.3%. Its total assets and total liabilities are CN¥253.0B and CN¥158.6B respectively. Wanhua Chemical Group's EBIT is CN¥20.6B making its interest coverage ratio 22.2. It has cash and short-term investments of CN¥23.7B.
Key information
96.3%
Debt to equity ratio
CN¥90.95b
Debt
| Interest coverage ratio | 22.2x |
| Cash | CN¥23.72b |
| Equity | CN¥94.45b |
| Total liabilities | CN¥158.59b |
| Total assets | CN¥253.04b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600309's short term assets (CN¥61.9B) do not cover its short term liabilities (CN¥108.7B).
Long Term Liabilities: 600309's short term assets (CN¥61.9B) exceed its long term liabilities (CN¥49.9B).
Debt to Equity History and Analysis
Debt Level: 600309's net debt to equity ratio (71.2%) is considered high.
Reducing Debt: 600309's debt to equity ratio has increased from 75% to 96.3% over the past 5 years.
Debt Coverage: 600309's debt is well covered by operating cash flow (29.5%).
Interest Coverage: 600309's interest payments on its debt are well covered by EBIT (22.2x coverage).