Zhejiang Xinan Chemical Industrial GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Xinan Chemical Industrial GroupLtd has a total shareholder equity of CN¥14.0B and total debt of CN¥4.4B, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are CN¥24.1B and CN¥10.0B respectively. Zhejiang Xinan Chemical Industrial GroupLtd's EBIT is CN¥312.4M making its interest coverage ratio 64.1. It has cash and short-term investments of CN¥5.0B.
Key information
31.6%
Debt to equity ratio
CN¥4.44b
Debt
| Interest coverage ratio | 64.1x |
| Cash | CN¥5.04b |
| Equity | CN¥14.05b |
| Total liabilities | CN¥10.02b |
| Total assets | CN¥24.07b |
Financial Position Analysis
Short Term Liabilities: 600596's short term assets (CN¥11.4B) exceed its short term liabilities (CN¥7.3B).
Long Term Liabilities: 600596's short term assets (CN¥11.4B) exceed its long term liabilities (CN¥2.7B).
Debt to Equity History and Analysis
Debt Level: 600596 has more cash than its total debt.
Reducing Debt: 600596's debt to equity ratio has increased from 23.6% to 31.6% over the past 5 years.
Debt Coverage: 600596's debt is not well covered by operating cash flow (10.8%).
Interest Coverage: 600596's interest payments on its debt are well covered by EBIT (64.1x coverage).