HeBei Jinniu Chemical IndustryLtd Balance Sheet Health
Financial Health criteria checks 5/6
HeBei Jinniu Chemical IndustryLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥465.1K, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are CN¥1.4B and CN¥133.1M respectively. HeBei Jinniu Chemical IndustryLtd's EBIT is CN¥57.5M making its interest coverage ratio -2.5. It has cash and short-term investments of CN¥1.0B.
Key information
0.04%
Debt to equity ratio
CN¥465.06k
Debt
Interest coverage ratio | -2.5x |
Cash | CN¥1.03b |
Equity | CN¥1.31b |
Total liabilities | CN¥133.08m |
Total assets | CN¥1.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600722's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥131.3M).
Long Term Liabilities: 600722's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥1.7M).
Debt to Equity History and Analysis
Debt Level: 600722 has more cash than its total debt.
Reducing Debt: 600722's debt to equity ratio has increased from 0% to 0.04% over the past 5 years.
Debt Coverage: 600722's debt is well covered by operating cash flow (29728.5%).
Interest Coverage: 600722 earns more interest than it pays, so coverage of interest payments is not a concern.