Hubei Zhenhua ChemicalLtd Balance Sheet Health
Financial Health criteria checks 5/6
Hubei Zhenhua ChemicalLtd has a total shareholder equity of CN¥2.9B and total debt of CN¥988.7M, which brings its debt-to-equity ratio to 33.8%. Its total assets and total liabilities are CN¥4.4B and CN¥1.5B respectively. Hubei Zhenhua ChemicalLtd's EBIT is CN¥442.1M making its interest coverage ratio 14.4. It has cash and short-term investments of CN¥186.0M.
Key information
33.8%
Debt to equity ratio
CN¥988.73m
Debt
Interest coverage ratio | 14.4x |
Cash | CN¥185.95m |
Equity | CN¥2.93b |
Total liabilities | CN¥1.45b |
Total assets | CN¥4.38b |
Financial Position Analysis
Short Term Liabilities: 603067's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥705.1M).
Long Term Liabilities: 603067's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥748.0M).
Debt to Equity History and Analysis
Debt Level: 603067's net debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: 603067's debt to equity ratio has increased from 0% to 33.8% over the past 5 years.
Debt Coverage: 603067's debt is well covered by operating cash flow (30.3%).
Interest Coverage: 603067's interest payments on its debt are well covered by EBIT (14.4x coverage).