Shandong Hualu-Hengsheng Chemical Balance Sheet Health
Financial Health criteria checks 6/6
Shandong Hualu-Hengsheng Chemical has a total shareholder equity of CN¥31.6B and total debt of CN¥8.3B, which brings its debt-to-equity ratio to 26.2%. Its total assets and total liabilities are CN¥44.9B and CN¥13.3B respectively. Shandong Hualu-Hengsheng Chemical's EBIT is CN¥5.0B making its interest coverage ratio 41.6. It has cash and short-term investments of CN¥2.2B.
Key information
26.2%
Debt to equity ratio
CN¥8.29b
Debt
Interest coverage ratio | 41.6x |
Cash | CN¥2.20b |
Equity | CN¥31.59b |
Total liabilities | CN¥13.35b |
Total assets | CN¥44.93b |
Recent financial health updates
Recent updates
Shandong Hualu-Hengsheng Chemical (SHSE:600426) May Have Issues Allocating Its Capital
Apr 18Earnings Miss: Shandong Hualu-Hengsheng Chemical Co., Ltd. Missed EPS By 17% And Analysts Are Revising Their Forecasts
Apr 03Shandong Hualu-Hengsheng Chemical Co., Ltd. (SHSE:600426) Doing What It Can To Lift Shares
Apr 01We Think Shandong Hualu-Hengsheng Chemical (SHSE:600426) Is Taking Some Risk With Its Debt
Feb 29Financial Position Analysis
Short Term Liabilities: 600426's short term assets (CN¥8.7B) exceed its short term liabilities (CN¥5.3B).
Long Term Liabilities: 600426's short term assets (CN¥8.7B) exceed its long term liabilities (CN¥8.0B).
Debt to Equity History and Analysis
Debt Level: 600426's net debt to equity ratio (19.3%) is considered satisfactory.
Reducing Debt: 600426's debt to equity ratio has reduced from 31.6% to 26.2% over the past 5 years.
Debt Coverage: 600426's debt is well covered by operating cash flow (60.9%).
Interest Coverage: 600426's interest payments on its debt are well covered by EBIT (41.6x coverage).