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) Use Of Debt Could Be Considered Risky
Sep 06
Is Hengli PetrochemicalLtd (SHSE:600346) Using Too Much Debt?
May 12Recent updates
Hengli 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).