Hubei Kailong Chemical Group Balance Sheet Health
Financial Health criteria checks 4/6
Hubei Kailong Chemical Group has a total shareholder equity of CN¥3.5B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 61.1%. Its total assets and total liabilities are CN¥8.3B and CN¥4.9B respectively. Hubei Kailong Chemical Group's EBIT is CN¥372.2M making its interest coverage ratio 7.6. It has cash and short-term investments of CN¥1.3B.
Key information
61.1%
Debt to equity ratio
CN¥2.11b
Debt
| Interest coverage ratio | 7.6x |
| Cash | CN¥1.31b |
| Equity | CN¥3.45b |
| Total liabilities | CN¥4.87b |
| Total assets | CN¥8.32b |
Recent financial health updates
No updates
Recent updates
Hubei Kailong Chemical Group (SZSE:002783) Hasn't Managed To Accelerate Its Returns
Nov 11
Investors Shouldn't Be Too Comfortable With Hubei Kailong Chemical Group's (SZSE:002783) Earnings
May 01Even With A 28% Surge, Cautious Investors Are Not Rewarding Hubei Kailong Chemical Group Co., Ltd.'s (SZSE:002783) Performance Completely
Mar 06Financial Position Analysis
Short Term Liabilities: 002783's short term assets (CN¥3.3B) do not cover its short term liabilities (CN¥3.4B).
Long Term Liabilities: 002783's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 002783's net debt to equity ratio (23.1%) is considered satisfactory.
Reducing Debt: 002783's debt to equity ratio has increased from 56.7% to 61.1% over the past 5 years.
Debt Coverage: 002783's debt is well covered by operating cash flow (21.1%).
Interest Coverage: 002783's interest payments on its debt are well covered by EBIT (7.6x coverage).