Shanghai Chlor-Alkali Chemical Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Chlor-Alkali Chemical has a total shareholder equity of CN¥8.9B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 17.3%. Its total assets and total liabilities are CN¥12.4B and CN¥3.4B respectively. Shanghai Chlor-Alkali Chemical's EBIT is CN¥665.5M making its interest coverage ratio -3.7. It has cash and short-term investments of CN¥3.4B.
Key information
17.3%
Debt to equity ratio
CN¥1.55b
Debt
| Interest coverage ratio | -3.7x |
| Cash | CN¥3.43b |
| Equity | CN¥8.95b |
| Total liabilities | CN¥3.43b |
| Total assets | CN¥12.38b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600618's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 600618's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 600618 has more cash than its total debt.
Reducing Debt: 600618's debt to equity ratio has increased from 10.6% to 17.3% over the past 5 years.
Debt Coverage: 600618's debt is well covered by operating cash flow (46.7%).
Interest Coverage: 600618 earns more interest than it pays, so coverage of interest payments is not a concern.