Shanxi Tond Chemical Balance Sheet Health
Financial Health criteria checks 2/6
Shanxi Tond Chemical has a total shareholder equity of CN¥2.2B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 64.1%. Its total assets and total liabilities are CN¥4.2B and CN¥2.0B respectively. Shanxi Tond Chemical's EBIT is CN¥217.8M making its interest coverage ratio -0.6. It has cash and short-term investments of CN¥450.5M.
Key information
64.1%
Debt to equity ratio
CN¥1.41b
Debt
Interest coverage ratio | -0.6x |
Cash | CN¥450.53m |
Equity | CN¥2.20b |
Total liabilities | CN¥2.04b |
Total assets | CN¥4.25b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002360's short term assets (CN¥1.0B) do not cover its short term liabilities (CN¥1.2B).
Long Term Liabilities: 002360's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥851.1M).
Debt to Equity History and Analysis
Debt Level: 002360's net debt to equity ratio (43.6%) is considered high.
Reducing Debt: 002360's debt to equity ratio has increased from 10.7% to 64.1% over the past 5 years.
Debt Coverage: 002360's debt is not well covered by operating cash flow (12.4%).
Interest Coverage: 002360 earns more interest than it pays, so coverage of interest payments is not a concern.