Wanhua Chemical Group Balance Sheet Health
Financial Health criteria checks 3/6
Wanhua Chemical Group has a total shareholder equity of CN¥99.0B and total debt of CN¥108.7B, which brings its debt-to-equity ratio to 109.8%. Its total assets and total liabilities are CN¥279.1B and CN¥180.1B respectively. Wanhua Chemical Group's EBIT is CN¥20.9B making its interest coverage ratio 23.5. It has cash and short-term investments of CN¥33.5B.
Key information
109.8%
Debt to equity ratio
CN¥108.66b
Debt
| Interest coverage ratio | 23.5x |
| Cash | CN¥33.47b |
| Equity | CN¥99.01b |
| Total liabilities | CN¥180.11b |
| Total assets | CN¥279.12b |
Recent financial health updates
Wanhua Chemical Group (SHSE:600309) Has A Somewhat Strained Balance Sheet
Jul 29
Does Wanhua Chemical Group (SHSE:600309) Have A Healthy Balance Sheet?
Feb 29Recent updates
Wanhua Chemical Group (SHSE:600309) Has A Somewhat Strained Balance Sheet
Jul 29Benign Growth For Wanhua Chemical Group Co., Ltd. (SHSE:600309) Underpins Its Share Price
Jun 05The Returns On Capital At Wanhua Chemical Group (SHSE:600309) Don't Inspire Confidence
May 06Should You Think About Buying Wanhua Chemical Group Co., Ltd. (SHSE:600309) Now?
Apr 08Concerns Surrounding Wanhua Chemical Group's (SHSE:600309) Performance
Mar 25Does Wanhua Chemical Group (SHSE:600309) Have A Healthy Balance Sheet?
Feb 29Financial Position Analysis
Short Term Liabilities: 600309's short term assets (CN¥79.7B) do not cover its short term liabilities (CN¥123.4B).
Long Term Liabilities: 600309's short term assets (CN¥79.7B) exceed its long term liabilities (CN¥56.7B).
Debt to Equity History and Analysis
Debt Level: 600309's net debt to equity ratio (75.9%) is considered high.
Reducing Debt: 600309's debt to equity ratio has increased from 70.7% to 109.8% over the past 5 years.
Debt Coverage: 600309's debt is well covered by operating cash flow (23.7%).
Interest Coverage: 600309's interest payments on its debt are well covered by EBIT (23.5x coverage).