Satellite ChemicalLtd Balance Sheet Health
Financial Health criteria checks 4/6
Satellite ChemicalLtd has a total shareholder equity of CN¥26.3B and total debt of CN¥12.6B, which brings its debt-to-equity ratio to 48.1%. Its total assets and total liabilities are CN¥65.6B and CN¥39.3B respectively. Satellite ChemicalLtd's EBIT is CN¥6.5B making its interest coverage ratio 24.9. It has cash and short-term investments of CN¥4.7B.
Key information
48.1%
Debt to equity ratio
CN¥12.64b
Debt
| Interest coverage ratio | 24.9x |
| Cash | CN¥4.72b |
| Equity | CN¥26.29b |
| Total liabilities | CN¥39.35b |
| Total assets | CN¥65.64b |
Recent financial health updates
Is Satellite ChemicalLtd (SZSE:002648) A Risky Investment?
Sep 13
These 4 Measures Indicate That Satellite ChemicalLtd (SZSE:002648) Is Using Debt Reasonably Well
May 26Recent updates
Is Satellite ChemicalLtd (SZSE:002648) A Risky Investment?
Sep 13Lacklustre Performance Is Driving Satellite Chemical Co.,Ltd.'s (SZSE:002648) Low P/E
Jul 14Is There Now An Opportunity In Satellite Chemical Co.,Ltd. (SZSE:002648)?
Jun 13These 4 Measures Indicate That Satellite ChemicalLtd (SZSE:002648) Is Using Debt Reasonably Well
May 26Satellite Chemical Co.,Ltd. Just Missed EPS By 36%: Here's What Analysts Think Will Happen Next
Apr 26Investors Still Aren't Entirely Convinced By Satellite Chemical Co.,Ltd.'s (SZSE:002648) Earnings Despite 25% Price Jump
Mar 04Satellite ChemicalLtd (SZSE:002648) Might Be Having Difficulty Using Its Capital Effectively
Feb 29Financial Position Analysis
Short Term Liabilities: 002648's short term assets (CN¥12.6B) do not cover its short term liabilities (CN¥14.3B).
Long Term Liabilities: 002648's short term assets (CN¥12.6B) do not cover its long term liabilities (CN¥25.1B).
Debt to Equity History and Analysis
Debt Level: 002648's net debt to equity ratio (30.1%) is considered satisfactory.
Reducing Debt: 002648's debt to equity ratio has reduced from 52% to 48.1% over the past 5 years.
Debt Coverage: 002648's debt is well covered by operating cash flow (57.2%).
Interest Coverage: 002648's interest payments on its debt are well covered by EBIT (24.9x coverage).