Shandong Hualu-Hengsheng Chemical Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Hualu-Hengsheng Chemical has a total shareholder equity of CN¥32.5B and total debt of CN¥9.0B, which brings its debt-to-equity ratio to 27.5%. Its total assets and total liabilities are CN¥46.7B and CN¥14.2B respectively. Shandong Hualu-Hengsheng Chemical's EBIT is CN¥5.3B making its interest coverage ratio 24.6. It has cash and short-term investments of CN¥1.9B.
Key information
27.5%
Debt to equity ratio
CN¥8.96b
Debt
| Interest coverage ratio | 24.6x |
| Cash | CN¥1.86b |
| Equity | CN¥32.54b |
| Total liabilities | CN¥14.18b |
| Total assets | CN¥46.73b |
Recent financial health updates
Here's Why Shandong Hualu-Hengsheng Chemical (SHSE:600426) Can Manage Its Debt Responsibly
Oct 24
Is Shandong Hualu-Hengsheng Chemical (SHSE:600426) Using Too Much Debt?
Jul 12We Think Shandong Hualu-Hengsheng Chemical (SHSE:600426) Is Taking Some Risk With Its Debt
Feb 29Recent updates
Shandong Hualu-Hengsheng Chemical Co., Ltd.'s (SHSE:600426) Low P/E No Reason For Excitement
Nov 15Here's Why Shandong Hualu-Hengsheng Chemical (SHSE:600426) Can Manage Its Debt Responsibly
Oct 24Should You Investigate Shandong Hualu-Hengsheng Chemical Co., Ltd. (SHSE:600426) At CN¥20.97?
Sep 08Be Wary Of Shandong Hualu-Hengsheng Chemical (SHSE:600426) And Its Returns On Capital
Aug 13There's No Escaping Shandong Hualu-Hengsheng Chemical Co., Ltd.'s (SHSE:600426) Muted Earnings
Jul 28Is Shandong Hualu-Hengsheng Chemical (SHSE:600426) Using Too Much Debt?
Jul 12Why Shandong Hualu-Hengsheng Chemical's (SHSE:600426) Shaky Earnings Are Just The Beginning Of Its Problems
May 01Shandong 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¥8.4B) exceed its short term liabilities (CN¥5.7B).
Long Term Liabilities: 600426's short term assets (CN¥8.4B) do not cover its long term liabilities (CN¥8.4B).
Debt to Equity History and Analysis
Debt Level: 600426's net debt to equity ratio (21.8%) is considered satisfactory.
Reducing Debt: 600426's debt to equity ratio has increased from 23% to 27.5% over the past 5 years.
Debt Coverage: 600426's debt is well covered by operating cash flow (56.7%).
Interest Coverage: 600426's interest payments on its debt are well covered by EBIT (24.6x coverage).