Jiangsu SOPO Chemical Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu SOPO Chemical has a total shareholder equity of CN¥5.3B and total debt of CN¥245.8M, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are CN¥6.4B and CN¥1.1B respectively. Jiangsu SOPO Chemical's EBIT is CN¥423.0M making its interest coverage ratio -40.3. It has cash and short-term investments of CN¥699.7M.
Key information
4.6%
Debt to equity ratio
CN¥245.81m
Debt
| Interest coverage ratio | -40.3x |
| Cash | CN¥699.66m |
| Equity | CN¥5.30b |
| Total liabilities | CN¥1.14b |
| Total assets | CN¥6.43b |
Recent financial health updates
We Think Jiangsu SOPO Chemical (SHSE:600746) Can Stay On Top Of Its Debt
Jun 21
Health Check: How Prudently Does Jiangsu SOPO Chemical (SHSE:600746) Use Debt?
Mar 21Recent updates
Jiangsu SOPO Chemical (SHSE:600746) Shareholders Will Want The ROCE Trajectory To Continue
Jul 15We Think Jiangsu SOPO Chemical (SHSE:600746) Can Stay On Top Of Its Debt
Jun 21Jiangsu SOPO Chemical's (SHSE:600746) Solid Earnings Have Been Accounted For Conservatively
Apr 25Health Check: How Prudently Does Jiangsu SOPO Chemical (SHSE:600746) Use Debt?
Mar 21Financial Position Analysis
Short Term Liabilities: 600746's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥966.9M).
Long Term Liabilities: 600746's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥171.4M).
Debt to Equity History and Analysis
Debt Level: 600746 has more cash than its total debt.
Reducing Debt: 600746's debt to equity ratio has increased from 0% to 4.6% over the past 5 years.
Debt Coverage: 600746's debt is well covered by operating cash flow (318.3%).
Interest Coverage: 600746 earns more interest than it pays, so coverage of interest payments is not a concern.