Nantong Acetic Acid Chemical Balance Sheet Health
Financial Health criteria checks 4/6
Nantong Acetic Acid Chemical has a total shareholder equity of CN¥2.1B and total debt of CN¥840.0M, which brings its debt-to-equity ratio to 40.7%. Its total assets and total liabilities are CN¥3.8B and CN¥1.7B respectively.
Key information
40.7%
Debt to equity ratio
CN¥839.96m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.33b |
| Equity | CN¥2.07b |
| Total liabilities | CN¥1.71b |
| Total assets | CN¥3.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603968's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 603968's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥241.0M).
Debt to Equity History and Analysis
Debt Level: 603968 has more cash than its total debt.
Reducing Debt: 603968's debt to equity ratio has increased from 17.5% to 40.7% over the past 5 years.
Debt Coverage: 603968's debt is well covered by operating cash flow (22.5%).
Interest Coverage: Insufficient data to determine if 603968's interest payments on its debt are well covered by EBIT.