Sichuan Meifeng Chemical Industry Balance Sheet Health
Financial Health criteria checks 6/6
Sichuan Meifeng Chemical Industry has a total shareholder equity of CN¥4.6B and total debt of CN¥262.7M, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are CN¥5.8B and CN¥1.3B respectively. Sichuan Meifeng Chemical Industry's EBIT is CN¥283.2M making its interest coverage ratio -5.6. It has cash and short-term investments of CN¥2.4B.
Key information
5.8%
Debt to equity ratio
CN¥262.74m
Debt
Interest coverage ratio | -5.6x |
Cash | CN¥2.42b |
Equity | CN¥4.57b |
Total liabilities | CN¥1.28b |
Total assets | CN¥5.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000731's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥998.5M).
Long Term Liabilities: 000731's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥281.4M).
Debt to Equity History and Analysis
Debt Level: 000731 has more cash than its total debt.
Reducing Debt: 000731's debt to equity ratio has reduced from 25.1% to 5.8% over the past 5 years.
Debt Coverage: 000731's debt is well covered by operating cash flow (148%).
Interest Coverage: 000731 earns more interest than it pays, so coverage of interest payments is not a concern.