Shanxi Yongdong Chemistry Industry Balance Sheet Health
Financial Health criteria checks 3/6
Shanxi Yongdong Chemistry Industry has a total shareholder equity of CN¥2.3B and total debt of CN¥782.5M, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are CN¥3.3B and CN¥1.0B respectively. Shanxi Yongdong Chemistry Industry's EBIT is CN¥85.4M making its interest coverage ratio 1.8. It has cash and short-term investments of CN¥53.8M.
Key information
34.6%
Debt to equity ratio
CN¥782.54m
Debt
Interest coverage ratio | 1.8x |
Cash | CN¥53.82m |
Equity | CN¥2.26b |
Total liabilities | CN¥1.01b |
Total assets | CN¥3.28b |
Financial Position Analysis
Short Term Liabilities: 002753's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥380.4M).
Long Term Liabilities: 002753's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥634.1M).
Debt to Equity History and Analysis
Debt Level: 002753's net debt to equity ratio (32.2%) is considered satisfactory.
Reducing Debt: 002753's debt to equity ratio has increased from 27.1% to 34.6% over the past 5 years.
Debt Coverage: 002753's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: 002753's interest payments on its debt are not well covered by EBIT (1.8x coverage).