Hengyi Petrochemical Balance Sheet Health
Financial Health criteria checks 1/6
Hengyi Petrochemical has a total shareholder equity of CN¥32.5B and total debt of CN¥68.0B, which brings its debt-to-equity ratio to 209.4%. Its total assets and total liabilities are CN¥110.2B and CN¥77.7B respectively. Hengyi Petrochemical's EBIT is CN¥2.9B making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥12.2B.
Key information
209.4%
Debt to equity ratio
CN¥67.96b
Debt
Interest coverage ratio | 1.4x |
Cash | CN¥12.22b |
Equity | CN¥32.45b |
Total liabilities | CN¥77.72b |
Total assets | CN¥110.17b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000703's short term assets (CN¥39.1B) do not cover its short term liabilities (CN¥56.2B).
Long Term Liabilities: 000703's short term assets (CN¥39.1B) exceed its long term liabilities (CN¥21.5B).
Debt to Equity History and Analysis
Debt Level: 000703's net debt to equity ratio (171.8%) is considered high.
Reducing Debt: 000703's debt to equity ratio has increased from 111.3% to 209.4% over the past 5 years.
Debt Coverage: 000703's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: 000703's interest payments on its debt are not well covered by EBIT (1.4x coverage).