Shanghai Chlor-Alkali Chemical Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Chlor-Alkali Chemical has a total shareholder equity of CN¥8.5B and total debt of CN¥649.3M, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are CN¥11.3B and CN¥2.9B respectively. Shanghai Chlor-Alkali Chemical's EBIT is CN¥809.8M making its interest coverage ratio -4.1. It has cash and short-term investments of CN¥2.4B.
Key information
7.7%
Debt to equity ratio
CN¥649.25m
Debt
| Interest coverage ratio | -4.1x |
| Cash | CN¥2.42b |
| Equity | CN¥8.46b |
| Total liabilities | CN¥2.87b |
| Total assets | CN¥11.33b |
Recent financial health updates
Recent updates
We Think That There Are Issues Underlying Shanghai Chlor-Alkali Chemical's (SHSE:600618) Earnings
Nov 06
Shanghai Chlor-Alkali Chemical (SHSE:600618) Will Want To Turn Around Its Return Trends
Sep 06Does Shanghai Chlor-Alkali Chemical (SHSE:600618) Have A Healthy Balance Sheet?
Jul 22Shanghai Chlor-Alkali Chemical Co., Ltd. (SHSE:600618) Looks Inexpensive But Perhaps Not Attractive Enough
Jul 01Shanghai Chlor-Alkali Chemical's (SHSE:600618) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Apr 22Lacklustre Performance Is Driving Shanghai Chlor-Alkali Chemical Co., Ltd.'s (SHSE:600618) Low P/E
Mar 28Financial Position Analysis
Short Term Liabilities: 600618's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 600618's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥212.0M).
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 7.3% to 7.7% over the past 5 years.
Debt Coverage: 600618's debt is well covered by operating cash flow (141.6%).
Interest Coverage: 600618 earns more interest than it pays, so coverage of interest payments is not a concern.