Nantong Acetic Acid Chemical Balance Sheet Health
Financial Health criteria checks 4/6
Nantong Acetic Acid Chemical has a total shareholder equity of CN¥2.0B and total debt of CN¥664.0M, which brings its debt-to-equity ratio to 34%. Its total assets and total liabilities are CN¥3.5B and CN¥1.5B respectively.
Key information
34.0%
Debt to equity ratio
CN¥663.96m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.18b |
| Equity | CN¥1.95b |
| Total liabilities | CN¥1.52b |
| Total assets | CN¥3.47b |
Financial Position Analysis
Short Term Liabilities: 603968's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 603968's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥301.5M).
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 12.4% to 34% over the past 5 years.
Debt Coverage: 603968's debt is well covered by operating cash flow (23.3%).
Interest Coverage: Insufficient data to determine if 603968's interest payments on its debt are well covered by EBIT.