Zibo Qixiang Tengda Chemical Balance Sheet Health
Financial Health criteria checks 1/6
Zibo Qixiang Tengda Chemical has a total shareholder equity of CN¥12.3B and total debt of CN¥9.5B, which brings its debt-to-equity ratio to 77%. Its total assets and total liabilities are CN¥26.6B and CN¥14.3B respectively. Zibo Qixiang Tengda Chemical's EBIT is CN¥526.4M making its interest coverage ratio 1.9. It has cash and short-term investments of CN¥3.1B.
Key information
77.0%
Debt to equity ratio
CN¥9.48b
Debt
| Interest coverage ratio | 1.9x |
| Cash | CN¥3.14b |
| Equity | CN¥12.31b |
| Total liabilities | CN¥14.32b |
| Total assets | CN¥26.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002408's short term assets (CN¥7.5B) do not cover its short term liabilities (CN¥11.4B).
Long Term Liabilities: 002408's short term assets (CN¥7.5B) exceed its long term liabilities (CN¥2.9B).
Debt to Equity History and Analysis
Debt Level: 002408's net debt to equity ratio (51.4%) is considered high.
Reducing Debt: 002408's debt to equity ratio has increased from 32.8% to 77% over the past 5 years.
Debt Coverage: 002408's debt is not well covered by operating cash flow (7.7%).
Interest Coverage: 002408's interest payments on its debt are not well covered by EBIT (1.9x coverage).