Tangshan Sanyou Chemical IndustriesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Tangshan Sanyou Chemical IndustriesLtd has a total shareholder equity of CN¥15.1B and total debt of CN¥4.7B, which brings its debt-to-equity ratio to 31.2%. Its total assets and total liabilities are CN¥25.6B and CN¥10.5B respectively. Tangshan Sanyou Chemical IndustriesLtd's EBIT is CN¥1.8B making its interest coverage ratio 11. It has cash and short-term investments of CN¥2.7B.
Key information
31.2%
Debt to equity ratio
CN¥4.71b
Debt
Interest coverage ratio | 11x |
Cash | CN¥2.68b |
Equity | CN¥15.11b |
Total liabilities | CN¥10.47b |
Total assets | CN¥25.58b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600409's short term assets (CN¥7.7B) exceed its short term liabilities (CN¥5.3B).
Long Term Liabilities: 600409's short term assets (CN¥7.7B) exceed its long term liabilities (CN¥5.1B).
Debt to Equity History and Analysis
Debt Level: 600409's net debt to equity ratio (13.5%) is considered satisfactory.
Reducing Debt: 600409's debt to equity ratio has reduced from 73.8% to 31.2% over the past 5 years.
Debt Coverage: 600409's debt is well covered by operating cash flow (34.4%).
Interest Coverage: 600409's interest payments on its debt are well covered by EBIT (11x coverage).