Liaoning Dingjide Petrochemical Balance Sheet Health
Financial Health criteria checks 6/6
Liaoning Dingjide Petrochemical has a total shareholder equity of CN¥1.6B and total debt of CN¥422.3M, which brings its debt-to-equity ratio to 26%. Its total assets and total liabilities are CN¥2.3B and CN¥670.5M respectively. Liaoning Dingjide Petrochemical's EBIT is CN¥47.4M making its interest coverage ratio 6429.7. It has cash and short-term investments of CN¥410.4M.
Key information
26.0%
Debt to equity ratio
CN¥422.27m
Debt
| Interest coverage ratio | 6429.7x |
| Cash | CN¥410.38m |
| Equity | CN¥1.63b |
| Total liabilities | CN¥670.54m |
| Total assets | CN¥2.30b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603255's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥639.5M).
Long Term Liabilities: 603255's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥31.1M).
Debt to Equity History and Analysis
Debt Level: 603255's net debt to equity ratio (0.7%) is considered satisfactory.
Reducing Debt: 603255's debt to equity ratio has reduced from 28.2% to 26% over the past 5 years.
Debt Coverage: 603255's debt is well covered by operating cash flow (26.8%).
Interest Coverage: 603255's interest payments on its debt are well covered by EBIT (6429.7x coverage).