Shanxi Tond Chemical Balance Sheet Health
Financial Health criteria checks 1/6
Shanxi Tond Chemical has a total shareholder equity of CN¥2.2B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 74.9%. Its total assets and total liabilities are CN¥4.6B and CN¥2.4B respectively. Shanxi Tond Chemical's EBIT is CN¥84.0M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥301.8M.
Key information
74.9%
Debt to equity ratio
CN¥1.62b
Debt
| Interest coverage ratio | -0.2x |
| Cash | CN¥301.83m |
| Equity | CN¥2.16b |
| Total liabilities | CN¥2.44b |
| Total assets | CN¥4.60b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002360's short term assets (CN¥949.5M) do not cover its short term liabilities (CN¥1.2B).
Long Term Liabilities: 002360's short term assets (CN¥949.5M) do not cover its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002360's net debt to equity ratio (60.9%) is considered high.
Reducing Debt: 002360's debt to equity ratio has increased from 10% to 74.9% over the past 5 years.
Debt Coverage: 002360's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002360 earns more interest than it pays, so coverage of interest payments is not a concern.