North Huajin Chemical IndustriesLtd Balance Sheet Health
Financial Health criteria checks 3/6
North Huajin Chemical IndustriesLtd has a total shareholder equity of CN¥14.5B and total debt of CN¥11.1B, which brings its debt-to-equity ratio to 76.6%. Its total assets and total liabilities are CN¥28.0B and CN¥13.5B respectively. North Huajin Chemical IndustriesLtd's EBIT is CN¥223.5M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥5.1B.
Key information
76.6%
Debt to equity ratio
CN¥11.10b
Debt
Interest coverage ratio | 1.2x |
Cash | CN¥5.14b |
Equity | CN¥14.48b |
Total liabilities | CN¥13.47b |
Total assets | CN¥27.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000059's short term assets (CN¥15.6B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 000059's short term assets (CN¥15.6B) exceed its long term liabilities (CN¥10.4B).
Debt to Equity History and Analysis
Debt Level: 000059's net debt to equity ratio (41.2%) is considered high.
Reducing Debt: 000059's debt to equity ratio has reduced from 91.2% to 76.6% over the past 5 years.
Debt Coverage: 000059's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: 000059's interest payments on its debt are not well covered by EBIT (1.2x coverage).