Liuzhou Chemical Industry Balance Sheet Health
Financial Health criteria checks 6/6
Liuzhou Chemical Industry has a total shareholder equity of CN¥523.3M and total debt of CN¥282.6K, which brings its debt-to-equity ratio to 0.05%. Its total assets and total liabilities are CN¥553.3M and CN¥30.0M respectively. Liuzhou Chemical Industry's EBIT is CN¥15.1M making its interest coverage ratio -1.1. It has cash and short-term investments of CN¥413.8M.
Key information
0.05%
Debt to equity ratio
CN¥282.59k
Debt
Interest coverage ratio | -1.1x |
Cash | CN¥413.83m |
Equity | CN¥523.32m |
Total liabilities | CN¥30.00m |
Total assets | CN¥553.31m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600423's short term assets (CN¥456.8M) exceed its short term liabilities (CN¥29.0M).
Long Term Liabilities: 600423's short term assets (CN¥456.8M) exceed its long term liabilities (CN¥983.7K).
Debt to Equity History and Analysis
Debt Level: 600423 has more cash than its total debt.
Reducing Debt: 600423's debt to equity ratio has reduced from 1.4% to 0.05% over the past 5 years.
Debt Coverage: 600423's debt is well covered by operating cash flow (10431.2%).
Interest Coverage: 600423 earns more interest than it pays, so coverage of interest payments is not a concern.