Kailuan Energy ChemicalLtd Balance Sheet Health
Financial Health criteria checks 5/6
Kailuan Energy ChemicalLtd has a total shareholder equity of CN¥15.6B and total debt of CN¥5.6B, which brings its debt-to-equity ratio to 35.7%. Its total assets and total liabilities are CN¥28.5B and CN¥12.9B respectively. Kailuan Energy ChemicalLtd's EBIT is CN¥1.0B making its interest coverage ratio -81.6. It has cash and short-term investments of CN¥6.4B.
Key information
35.7%
Debt to equity ratio
CN¥5.57b
Debt
Interest coverage ratio | -81.6x |
Cash | CN¥6.37b |
Equity | CN¥15.61b |
Total liabilities | CN¥12.85b |
Total assets | CN¥28.46b |
Financial Position Analysis
Short Term Liabilities: 600997's short term assets (CN¥12.4B) exceed its short term liabilities (CN¥9.6B).
Long Term Liabilities: 600997's short term assets (CN¥12.4B) exceed its long term liabilities (CN¥3.3B).
Debt to Equity History and Analysis
Debt Level: 600997 has more cash than its total debt.
Reducing Debt: 600997's debt to equity ratio has reduced from 52.8% to 35.7% over the past 5 years.
Debt Coverage: 600997's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: 600997 earns more interest than it pays, so coverage of interest payments is not a concern.