Tangshan Sanyou Chemical IndustriesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Tangshan Sanyou Chemical IndustriesLtd has a total shareholder equity of CN¥15.2B and total debt of CN¥5.1B, which brings its debt-to-equity ratio to 33.5%. Its total assets and total liabilities are CN¥26.2B and CN¥10.9B respectively. Tangshan Sanyou Chemical IndustriesLtd's EBIT is CN¥1.4B making its interest coverage ratio 11. It has cash and short-term investments of CN¥3.2B.
Key information
33.5%
Debt to equity ratio
CN¥5.11b
Debt
| Interest coverage ratio | 11x |
| Cash | CN¥3.24b |
| Equity | CN¥15.24b |
| Total liabilities | CN¥10.91b |
| Total assets | CN¥26.15b |
Recent financial health updates
Recent updates
Is It Too Late To Consider Buying Tangshan Sanyou Chemical Industries Co.,Ltd (SHSE:600409)?
Oct 01
Here's What To Make Of Tangshan Sanyou Chemical IndustriesLtd's (SHSE:600409) Decelerating Rates Of Return
Sep 16Tangshan Sanyou Chemical IndustriesLtd (SHSE:600409) Has A Pretty Healthy Balance Sheet
Aug 18Earnings Working Against Tangshan Sanyou Chemical Industries Co.,Ltd's (SHSE:600409) Share Price
Aug 03A Look At The Fair Value Of Tangshan Sanyou Chemical Industries Co.,Ltd (SHSE:600409)
Jul 20Investors Could Be Concerned With Tangshan Sanyou Chemical IndustriesLtd's (SHSE:600409) Returns On Capital
Jun 05At CN¥4.90, Is Tangshan Sanyou Chemical Industries Co.,Ltd (SHSE:600409) Worth Looking At Closely?
Mar 25Financial Position Analysis
Short Term Liabilities: 600409's short term assets (CN¥7.6B) exceed its short term liabilities (CN¥5.7B).
Long Term Liabilities: 600409's short term assets (CN¥7.6B) exceed its long term liabilities (CN¥5.3B).
Debt to Equity History and Analysis
Debt Level: 600409's net debt to equity ratio (12.3%) is considered satisfactory.
Reducing Debt: 600409's debt to equity ratio has reduced from 71.5% to 33.5% over the past 5 years.
Debt Coverage: 600409's debt is well covered by operating cash flow (34.6%).
Interest Coverage: 600409's interest payments on its debt are well covered by EBIT (11x coverage).