Rongsheng Petrochemical Balance Sheet Health
Financial Health criteria checks 1/6
Rongsheng Petrochemical has a total shareholder equity of CN¥95.4B and total debt of CN¥210.3B, which brings its debt-to-equity ratio to 220.3%. Its total assets and total liabilities are CN¥380.8B and CN¥285.4B respectively. Rongsheng Petrochemical's EBIT is CN¥14.8B making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥22.4B.
Key information
220.3%
Debt to equity ratio
CN¥210.25b
Debt
| Interest coverage ratio | 2.3x |
| Cash | CN¥22.36b |
| Equity | CN¥95.44b |
| Total liabilities | CN¥285.37b |
| Total assets | CN¥380.80b |
Recent financial health updates
Here's Why Rongsheng Petrochemical (SZSE:002493) Is Weighed Down By Its Debt Load
May 28
Rongsheng Petrochemical (SZSE:002493) Has Debt But No Earnings; Should You Worry?
Feb 27Recent updates
Why Rongsheng Petrochemical Co., Ltd. (SZSE:002493) Could Be Worth Watching
Jun 13Here's Why Rongsheng Petrochemical (SZSE:002493) Is Weighed Down By Its Debt Load
May 28Rongsheng Petrochemical Co., Ltd. Beat Revenue Forecasts By 5.2%: Here's What Analysts Are Forecasting Next
Apr 28Returns On Capital At Rongsheng Petrochemical (SZSE:002493) Have Hit The Brakes
Apr 27Lacklustre Performance Is Driving Rongsheng Petrochemical Co., Ltd.'s (SZSE:002493) Low P/S
Mar 25Rongsheng Petrochemical (SZSE:002493) Has Debt But No Earnings; Should You Worry?
Feb 27Financial Position Analysis
Short Term Liabilities: 002493's short term assets (CN¥94.5B) do not cover its short term liabilities (CN¥153.0B).
Long Term Liabilities: 002493's short term assets (CN¥94.5B) do not cover its long term liabilities (CN¥132.3B).
Debt to Equity History and Analysis
Debt Level: 002493's net debt to equity ratio (196.9%) is considered high.
Reducing Debt: 002493's debt to equity ratio has increased from 200.1% to 220.3% over the past 5 years.
Debt Coverage: 002493's debt is well covered by operating cash flow (20.6%).
Interest Coverage: 002493's interest payments on its debt are not well covered by EBIT (2.3x coverage).