Shandong Hualu-Hengsheng Chemical Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Hualu-Hengsheng Chemical has a total shareholder equity of CN¥31.6B and total debt of CN¥8.6B, which brings its debt-to-equity ratio to 27.1%. Its total assets and total liabilities are CN¥44.9B and CN¥13.2B respectively. Shandong Hualu-Hengsheng Chemical's EBIT is CN¥5.5B making its interest coverage ratio 31. It has cash and short-term investments of CN¥1.7B.
Key information
27.1%
Debt to equity ratio
CN¥8.57b
Debt
| Interest coverage ratio | 31x |
| Cash | CN¥1.70b |
| Equity | CN¥31.64b |
| Total liabilities | CN¥13.23b |
| Total assets | CN¥44.87b |
Recent financial health updates
Is Shandong Hualu-Hengsheng Chemical (SHSE:600426) Using Too Much Debt?
Jul 12
We Think Shandong Hualu-Hengsheng Chemical (SHSE:600426) Is Taking Some Risk With Its Debt
Feb 29Recent updates
Be 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¥7.7B) exceed its short term liabilities (CN¥5.0B).
Long Term Liabilities: 600426's short term assets (CN¥7.7B) do not cover its long term liabilities (CN¥8.2B).
Debt to Equity History and Analysis
Debt Level: 600426's net debt to equity ratio (21.7%) is considered satisfactory.
Reducing Debt: 600426's debt to equity ratio has increased from 26.7% to 27.1% over the past 5 years.
Debt Coverage: 600426's debt is well covered by operating cash flow (61.2%).
Interest Coverage: 600426's interest payments on its debt are well covered by EBIT (31x coverage).