Shandong Yanggu Huatai Chemical Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Yanggu Huatai Chemical has a total shareholder equity of CN¥3.3B and total debt of CN¥709.9M, which brings its debt-to-equity ratio to 21.8%. Its total assets and total liabilities are CN¥4.5B and CN¥1.2B respectively. Shandong Yanggu Huatai Chemical's EBIT is CN¥324.3M making its interest coverage ratio 38.5. It has cash and short-term investments of CN¥825.6M.
Key information
21.8%
Debt to equity ratio
CN¥709.88m
Debt
| Interest coverage ratio | 38.5x |
| Cash | CN¥825.55m |
| Equity | CN¥3.25b |
| Total liabilities | CN¥1.24b |
| Total assets | CN¥4.49b |
Financial Position Analysis
Short Term Liabilities: 300121's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥673.0M).
Long Term Liabilities: 300121's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥564.6M).
Debt to Equity History and Analysis
Debt Level: 300121 has more cash than its total debt.
Reducing Debt: 300121's debt to equity ratio has increased from 4.3% to 21.8% over the past 5 years.
Debt Coverage: 300121's debt is well covered by operating cash flow (38.3%).
Interest Coverage: 300121's interest payments on its debt are well covered by EBIT (38.5x coverage).