Nantong Jiangshan Agrochemical & ChemicalsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Nantong Jiangshan Agrochemical & ChemicalsLtd has a total shareholder equity of CN¥3.8B and total debt of CN¥931.9M, which brings its debt-to-equity ratio to 24.5%. Its total assets and total liabilities are CN¥6.6B and CN¥2.8B respectively. Nantong Jiangshan Agrochemical & ChemicalsLtd's EBIT is CN¥149.4M making its interest coverage ratio -2.2. It has cash and short-term investments of CN¥2.3B.
Key information
24.5%
Debt to equity ratio
CN¥931.86m
Debt
Interest coverage ratio | -2.2x |
Cash | CN¥2.29b |
Equity | CN¥3.80b |
Total liabilities | CN¥2.82b |
Total assets | CN¥6.62b |
Financial Position Analysis
Short Term Liabilities: 600389's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 600389's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥468.1M).
Debt to Equity History and Analysis
Debt Level: 600389 has more cash than its total debt.
Reducing Debt: 600389's debt to equity ratio has increased from 17.9% to 24.5% over the past 5 years.
Debt Coverage: 600389's debt is well covered by operating cash flow (64.9%).
Interest Coverage: 600389 earns more interest than it pays, so coverage of interest payments is not a concern.