Hubei Zhenhua ChemicalLtd Balance Sheet Health
Financial Health criteria checks 5/6
Hubei Zhenhua ChemicalLtd has a total shareholder equity of CN¥3.1B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 40.3%. Its total assets and total liabilities are CN¥4.9B and CN¥1.8B respectively. Hubei Zhenhua ChemicalLtd's EBIT is CN¥541.9M making its interest coverage ratio 17.5. It has cash and short-term investments of CN¥435.0M.
Key information
40.3%
Debt to equity ratio
CN¥1.25b
Debt
| Interest coverage ratio | 17.5x |
| Cash | CN¥434.98m |
| Equity | CN¥3.10b |
| Total liabilities | CN¥1.78b |
| Total assets | CN¥4.88b |
Recent financial health updates
Recent updates
Here's Why We Think Hubei Zhenhua ChemicalLtd (SHSE:603067) Is Well Worth Watching
Oct 14
Insufficient Growth At Hubei Zhenhua Chemical Co.,Ltd. (SHSE:603067) Hampers Share Price
Aug 05Is Hubei Zhenhua ChemicalLtd (SHSE:603067) A Risky Investment?
May 28Hubei Zhenhua Chemical Co.,Ltd. (SHSE:603067) Surges 31% Yet Its Low P/E Is No Reason For Excitement
Apr 30Financial Position Analysis
Short Term Liabilities: 603067's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥654.0M).
Long Term Liabilities: 603067's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 603067's net debt to equity ratio (26.3%) is considered satisfactory.
Reducing Debt: 603067's debt to equity ratio has increased from 0% to 40.3% over the past 5 years.
Debt Coverage: 603067's debt is well covered by operating cash flow (29.1%).
Interest Coverage: 603067's interest payments on its debt are well covered by EBIT (17.5x coverage).