Hengli PetrochemicalLtd Balance Sheet Health
Financial Health criteria checks 1/6
Hengli PetrochemicalLtd has a total shareholder equity of CN¥61.3B and total debt of CN¥162.9B, which brings its debt-to-equity ratio to 265.5%. Its total assets and total liabilities are CN¥272.5B and CN¥211.1B respectively. Hengli PetrochemicalLtd's EBIT is CN¥12.7B making its interest coverage ratio 3.4. It has cash and short-term investments of CN¥28.4B.
Key information
265.5%
Debt to equity ratio
CN¥162.86b
Debt
| Interest coverage ratio | 3.4x |
| Cash | CN¥28.38b |
| Equity | CN¥61.35b |
| Total liabilities | CN¥211.11b |
| Total assets | CN¥272.46b |
Recent financial health updates
Hengli PetrochemicalLtd (SHSE:600346) Seems To Be Using A Lot Of Debt
Jan 13
Hengli PetrochemicalLtd (SHSE:600346) Use Of Debt Could Be Considered Risky
Sep 06Is Hengli PetrochemicalLtd (SHSE:600346) Using Too Much Debt?
May 12Recent updates
At CN¥14.98, Is It Time To Put Hengli Petrochemical Co.,Ltd. (SHSE:600346) On Your Watch List?
Jan 29Hengli PetrochemicalLtd (SHSE:600346) Seems To Be Using A Lot Of Debt
Jan 13Hengli Petrochemical Co.,Ltd. (SHSE:600346) Doing What It Can To Lift Shares
Nov 10When Should You Buy Hengli Petrochemical Co.,Ltd. (SHSE:600346)?
Oct 23Here's What To Make Of Hengli PetrochemicalLtd's (SHSE:600346) Decelerating Rates Of Return
Oct 07Hengli PetrochemicalLtd (SHSE:600346) Use Of Debt Could Be Considered Risky
Sep 06Investors Don't See Light At End Of Hengli Petrochemical Co.,Ltd.'s (SHSE:600346) Tunnel
Aug 12Why Hengli Petrochemical Co.,Ltd. (SHSE:600346) Could Be Worth Watching
Jun 28Investors Will Want Hengli PetrochemicalLtd's (SHSE:600346) Growth In ROCE To Persist
May 27Is Hengli PetrochemicalLtd (SHSE:600346) Using Too Much Debt?
May 12Results: Hengli Petrochemical Co.,Ltd. Beat Earnings Expectations And Analysts Now Have New Forecasts
Apr 25Hengli PetrochemicalLtd's (SHSE:600346) Earnings Are Of Questionable Quality
Apr 16Hengli Petrochemical Co.,Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
Apr 11Is Hengli Petrochemical Co.,Ltd. (SHSE:600346) Potentially Undervalued?
Feb 29Financial Position Analysis
Short Term Liabilities: 600346's short term assets (CN¥71.3B) do not cover its short term liabilities (CN¥128.5B).
Long Term Liabilities: 600346's short term assets (CN¥71.3B) do not cover its long term liabilities (CN¥82.6B).
Debt to Equity History and Analysis
Debt Level: 600346's net debt to equity ratio (219.2%) is considered high.
Reducing Debt: 600346's debt to equity ratio has increased from 264.5% to 265.5% over the past 5 years.
Debt Coverage: 600346's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: 600346's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/07 08:57 |
| End of Day Share Price | 2025/02/07 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Hengli Petrochemical Co.,Ltd. is covered by 24 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ce Zhou | Chasing Securities |
| Bei Na Yan | China International Capital Corporation Limited |
| Zhizhong Jing | China Merchants Securities Co. Ltd. |