Sichuan Meifeng Chemical Industry Balance Sheet Health
Financial Health criteria checks 6/6
Sichuan Meifeng Chemical Industry has a total shareholder equity of CN¥4.5B and total debt of CN¥278.3M, which brings its debt-to-equity ratio to 6.2%. Its total assets and total liabilities are CN¥6.1B and CN¥1.6B respectively. Sichuan Meifeng Chemical Industry's EBIT is CN¥281.3M making its interest coverage ratio -5. It has cash and short-term investments of CN¥2.6B.
Key information
6.2%
Debt to equity ratio
CN¥278.28m
Debt
| Interest coverage ratio | -5x |
| Cash | CN¥2.57b |
| Equity | CN¥4.50b |
| Total liabilities | CN¥1.61b |
| Total assets | CN¥6.12b |
Financial Position Analysis
Short Term Liabilities: 000731's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 000731's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥302.4M).
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 18.9% to 6.2% over the past 5 years.
Debt Coverage: 000731's debt is well covered by operating cash flow (183.3%).
Interest Coverage: 000731 earns more interest than it pays, so coverage of interest payments is not a concern.