Huafon ChemicalLtd Balance Sheet Health
Financial Health criteria checks 5/6
Huafon ChemicalLtd has a total shareholder equity of CN¥25.6B and total debt of CN¥5.9B, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are CN¥38.3B and CN¥12.7B respectively. Huafon ChemicalLtd's EBIT is CN¥2.4B making its interest coverage ratio -8.5. It has cash and short-term investments of CN¥11.3B.
Key information
23.2%
Debt to equity ratio
CN¥5.95b
Debt
| Interest coverage ratio | -8.5x |
| Cash | CN¥11.35b |
| Equity | CN¥25.62b |
| Total liabilities | CN¥12.71b |
| Total assets | CN¥38.33b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002064's short term assets (CN¥22.8B) exceed its short term liabilities (CN¥10.8B).
Long Term Liabilities: 002064's short term assets (CN¥22.8B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 002064 has more cash than its total debt.
Reducing Debt: 002064's debt to equity ratio has increased from 22.6% to 23.2% over the past 5 years.
Debt Coverage: 002064's debt is well covered by operating cash flow (39.1%).
Interest Coverage: 002064 earns more interest than it pays, so coverage of interest payments is not a concern.