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).