Hubei Zhenhua ChemicalLtd Balance Sheet Health
Financial Health criteria checks 5/6
Hubei Zhenhua ChemicalLtd has a total shareholder equity of CN¥3.0B and total debt of CN¥996.8M, which brings its debt-to-equity ratio to 33.4%. Its total assets and total liabilities are CN¥4.4B and CN¥1.4B respectively. Hubei Zhenhua ChemicalLtd's EBIT is CN¥515.9M making its interest coverage ratio 16.9. It has cash and short-term investments of CN¥242.3M.
Key information
33.4%
Debt to equity ratio
CN¥996.85m
Debt
| Interest coverage ratio | 16.9x |
| Cash | CN¥242.30m |
| Equity | CN¥2.99b |
| Total liabilities | CN¥1.44b |
| Total assets | CN¥4.43b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603067's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥709.0M).
Long Term Liabilities: 603067's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥731.4M).
Debt to Equity History and Analysis
Debt Level: 603067's net debt to equity ratio (25.3%) is considered satisfactory.
Reducing Debt: 603067's debt to equity ratio has increased from 0% to 33.4% over the past 5 years.
Debt Coverage: 603067's debt is well covered by operating cash flow (48.1%).
Interest Coverage: 603067's interest payments on its debt are well covered by EBIT (16.9x coverage).