Jiangsu Changqing Agrochemical Balance Sheet Health
Financial Health criteria checks 2/6
Jiangsu Changqing Agrochemical has a total shareholder equity of CN¥4.5B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 60.5%. Its total assets and total liabilities are CN¥8.6B and CN¥4.1B respectively. Jiangsu Changqing Agrochemical's EBIT is CN¥32.7M making its interest coverage ratio 0.5. It has cash and short-term investments of CN¥714.3M.
Key information
60.5%
Debt to equity ratio
CN¥2.75b
Debt
| Interest coverage ratio | 0.5x |
| Cash | CN¥714.31m |
| Equity | CN¥4.54b |
| Total liabilities | CN¥4.06b |
| Total assets | CN¥8.60b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002391's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 002391's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 002391's net debt to equity ratio (44.8%) is considered high.
Reducing Debt: 002391's debt to equity ratio has increased from 30.8% to 60.5% over the past 5 years.
Debt Coverage: 002391's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002391's interest payments on its debt are not well covered by EBIT (0.5x coverage).