North Chemical Industries Balance Sheet Health
Financial Health criteria checks 4/6
North Chemical Industries has a total shareholder equity of CN¥3.0B and total debt of CN¥6.2M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥4.5B and CN¥1.4B respectively. North Chemical Industries's EBIT is CN¥12.3M making its interest coverage ratio -1.3. It has cash and short-term investments of CN¥1.5B.
Key information
0.2%
Debt to equity ratio
CN¥6.21m
Debt
Interest coverage ratio | -1.3x |
Cash | CN¥1.48b |
Equity | CN¥3.05b |
Total liabilities | CN¥1.41b |
Total assets | CN¥4.46b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002246's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 002246's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥141.7M).
Debt to Equity History and Analysis
Debt Level: 002246 has more cash than its total debt.
Reducing Debt: 002246's debt to equity ratio has increased from 0% to 0.2% over the past 5 years.
Debt Coverage: 002246's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002246 earns more interest than it pays, so coverage of interest payments is not a concern.