Anhui Liuguo Chemical Balance Sheet Health
Financial Health criteria checks 4/6
Anhui Liuguo Chemical has a total shareholder equity of CN¥1.9B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 97.8%. Its total assets and total liabilities are CN¥5.9B and CN¥4.0B respectively. Anhui Liuguo Chemical's EBIT is CN¥69.8M making its interest coverage ratio -2.1. It has cash and short-term investments of CN¥1.0B.
Key information
97.8%
Debt to equity ratio
CN¥1.91b
Debt
| Interest coverage ratio | -2.1x |
| Cash | CN¥1.02b |
| Equity | CN¥1.95b |
| Total liabilities | CN¥3.96b |
| Total assets | CN¥5.91b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600470's short term assets (CN¥2.8B) do not cover its short term liabilities (CN¥3.4B).
Long Term Liabilities: 600470's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥564.7M).
Debt to Equity History and Analysis
Debt Level: 600470's net debt to equity ratio (45.4%) is considered high.
Reducing Debt: 600470's debt to equity ratio has reduced from 147.8% to 97.8% over the past 5 years.
Debt Coverage: 600470's debt is well covered by operating cash flow (20.6%).
Interest Coverage: 600470 earns more interest than it pays, so coverage of interest payments is not a concern.