Polyrocks ChemicalLTD Balance Sheet Health
Financial Health criteria checks 2/6
Polyrocks ChemicalLTD has a total shareholder equity of CN¥1.7B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 116.7%. Its total assets and total liabilities are CN¥5.3B and CN¥3.6B respectively. Polyrocks ChemicalLTD's EBIT is CN¥12.1M making its interest coverage ratio 0.2. It has cash and short-term investments of CN¥299.6M.
Key information
116.7%
Debt to equity ratio
CN¥2.01b
Debt
| Interest coverage ratio | 0.2x |
| Cash | CN¥299.59m |
| Equity | CN¥1.72b |
| Total liabilities | CN¥3.60b |
| Total assets | CN¥5.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688669's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 688669's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 688669's net debt to equity ratio (99.2%) is considered high.
Reducing Debt: 688669's debt to equity ratio has increased from 41.6% to 116.7% over the past 5 years.
Debt Coverage: 688669's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: 688669's interest payments on its debt are not well covered by EBIT (0.2x coverage).