Sichuan Meifeng Chemical Industry Co., Ltd.

SZSE:000731 Stock Report

Market Cap: CN¥4.0b

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
CashCN¥2.57b
EquityCN¥4.50b
Total liabilitiesCN¥1.61b
Total assetsCN¥6.12b

Recent financial health updates

No updates

Recent updates

Earnings Troubles May Signal Larger Issues for Sichuan Meifeng Chemical Industry (SZSE:000731) Shareholders

May 10
Earnings Troubles May Signal Larger Issues for Sichuan Meifeng Chemical Industry (SZSE:000731) Shareholders

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.


Balance Sheet


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