Longxing Chemical Stock Balance Sheet Health
Financial Health criteria checks 3/6
Longxing Chemical Stock has a total shareholder equity of CN¥1.9B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 102.6%. Its total assets and total liabilities are CN¥4.3B and CN¥2.5B respectively. Longxing Chemical Stock's EBIT is CN¥199.1M making its interest coverage ratio 4. It has cash and short-term investments of CN¥270.2M.
Key information
102.6%
Debt to equity ratio
CN¥1.93b
Debt
| Interest coverage ratio | 4x |
| Cash | CN¥270.21m |
| Equity | CN¥1.88b |
| Total liabilities | CN¥2.45b |
| Total assets | CN¥4.34b |
Recent financial health updates
No updates
Recent updates
Longxing Chemical Stock Co., Ltd.'s (SZSE:002442) Prospects Need A Boost To Lift Shares
Sep 30
Why Longxing Chemical Stock's (SZSE:002442) Earnings Are Better Than They Seem
May 06Capital Allocation Trends At Longxing Chemical Stock (SZSE:002442) Aren't Ideal
Apr 30A Piece Of The Puzzle Missing From Longxing Chemical Stock Co., Ltd.'s (SZSE:002442) 27% Share Price Climb
Mar 08Financial Position Analysis
Short Term Liabilities: 002442's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 002442's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002442's net debt to equity ratio (88.3%) is considered high.
Reducing Debt: 002442's debt to equity ratio has increased from 39.4% to 102.6% over the past 5 years.
Debt Coverage: 002442's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002442's interest payments on its debt are well covered by EBIT (4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 14:21 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Longxing Chemical Stock Co., Ltd. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tao Wei | Goldman Sachs |
| Shuang Wang | Guodu Securities Co. |
| Yanming Zhang | Shenwan Hongyuan Securities |