Jiangsu Changqing Agrochemical Balance Sheet Health
Financial Health criteria checks 2/6
Jiangsu Changqing Agrochemical has a total shareholder equity of CN¥4.4B and total debt of CN¥3.4B, which brings its debt-to-equity ratio to 78.2%. Its total assets and total liabilities are CN¥9.0B and CN¥4.6B respectively.
Key information
78.2%
Debt to equity ratio
CN¥3.44b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.01b |
| Equity | CN¥4.40b |
| Total liabilities | CN¥4.55b |
| Total assets | CN¥8.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002391's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥3.2B).
Long Term Liabilities: 002391's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 002391's net debt to equity ratio (55.3%) is considered high.
Reducing Debt: 002391's debt to equity ratio has increased from 33.4% to 78.2% over the past 5 years.
Debt Coverage: 002391's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 002391's interest payments on its debt are well covered by EBIT.