Longxing Chemical Stock Balance Sheet Health
Financial Health criteria checks 3/6
Longxing Chemical Stock has a total shareholder equity of CN¥1.8B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 126%. Its total assets and total liabilities are CN¥4.7B and CN¥2.8B respectively. Longxing Chemical Stock's EBIT is CN¥220.7M making its interest coverage ratio -609.9. It has cash and short-term investments of CN¥849.6M.
Key information
126.0%
Debt to equity ratio
CN¥2.32b
Debt
| Interest coverage ratio | -609.9x |
| Cash | CN¥849.57m |
| Equity | CN¥1.84b |
| Total liabilities | CN¥2.81b |
| Total assets | CN¥4.65b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002442's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 002442's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 002442's net debt to equity ratio (79.9%) is considered high.
Reducing Debt: 002442's debt to equity ratio has increased from 51.7% to 126% over the past 5 years.
Debt Coverage: 002442's debt is not well covered by operating cash flow (7%).
Interest Coverage: 002442 earns more interest than it pays, so coverage of interest payments is not a concern.