Polyrocks ChemicalLTD Balance Sheet Health
Financial Health criteria checks 4/6
Polyrocks ChemicalLTD has a total shareholder equity of CN¥1.8B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 104.1%. Its total assets and total liabilities are CN¥5.1B and CN¥3.4B respectively. Polyrocks ChemicalLTD's EBIT is CN¥24.8M making its interest coverage ratio -7.2. It has cash and short-term investments of CN¥271.1M.
Key information
104.1%
Debt to equity ratio
CN¥1.82b
Debt
Interest coverage ratio | -7.2x |
Cash | CN¥271.10m |
Equity | CN¥1.75b |
Total liabilities | CN¥3.38b |
Total assets | CN¥5.13b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688669's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 688669's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 688669's net debt to equity ratio (88.6%) is considered high.
Reducing Debt: 688669's debt to equity ratio has increased from 41.1% to 104.1% over the past 5 years.
Debt Coverage: 688669's debt is well covered by operating cash flow (30.8%).
Interest Coverage: 688669 earns more interest than it pays, so coverage of interest payments is not a concern.