Shandong Polymer Biochemicals Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Polymer Biochemicals has a total shareholder equity of CN¥883.0M and total debt of CN¥16.9M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are CN¥965.5M and CN¥82.5M respectively.
Key information
1.9%
Debt to equity ratio
CN¥16.93m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥270.10m |
| Equity | CN¥883.01m |
| Total liabilities | CN¥82.51m |
| Total assets | CN¥965.52m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002476's short term assets (CN¥623.2M) exceed its short term liabilities (CN¥81.0M).
Long Term Liabilities: 002476's short term assets (CN¥623.2M) exceed its long term liabilities (CN¥1.5M).
Debt to Equity History and Analysis
Debt Level: 002476 has more cash than its total debt.
Reducing Debt: 002476's debt to equity ratio has reduced from 9.4% to 1.9% over the past 5 years.
Debt Coverage: 002476's debt is well covered by operating cash flow (602%).
Interest Coverage: Insufficient data to determine if 002476's interest payments on its debt are well covered by EBIT.