Quechen Silicon Chemical Balance Sheet Health
Financial Health criteria checks 6/6
Quechen Silicon Chemical has a total shareholder equity of CN¥3.0B and total debt of CN¥81.4M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are CN¥3.4B and CN¥438.4M respectively. Quechen Silicon Chemical's EBIT is CN¥386.3M making its interest coverage ratio -27.5. It has cash and short-term investments of CN¥808.9M.
Key information
2.7%
Debt to equity ratio
CN¥81.39m
Debt
| Interest coverage ratio | -27.5x |
| Cash | CN¥808.93m |
| Equity | CN¥2.98b |
| Total liabilities | CN¥438.42m |
| Total assets | CN¥3.42b |
Financial Position Analysis
Short Term Liabilities: 605183's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥438.2M).
Long Term Liabilities: 605183's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥259.0K).
Debt to Equity History and Analysis
Debt Level: 605183 has more cash than its total debt.
Reducing Debt: 605183's debt to equity ratio has reduced from 11.1% to 2.7% over the past 5 years.
Debt Coverage: 605183's debt is well covered by operating cash flow (479%).
Interest Coverage: 605183 earns more interest than it pays, so coverage of interest payments is not a concern.