Shandong Rike ChemicalLTD Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Rike ChemicalLTD has a total shareholder equity of CN¥2.6B and total debt of CN¥266.4M, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are CN¥3.6B and CN¥971.6M respectively. Shandong Rike ChemicalLTD's EBIT is CN¥72.8M making its interest coverage ratio -5. It has cash and short-term investments of CN¥74.7M.
Key information
10.3%
Debt to equity ratio
CN¥266.39m
Debt
Interest coverage ratio | -5x |
Cash | CN¥74.70m |
Equity | CN¥2.58b |
Total liabilities | CN¥971.56m |
Total assets | CN¥3.55b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300214's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥535.9M).
Long Term Liabilities: 300214's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥435.6M).
Debt to Equity History and Analysis
Debt Level: 300214's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: 300214's debt to equity ratio has increased from 1.5% to 10.3% over the past 5 years.
Debt Coverage: 300214's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300214 earns more interest than it pays, so coverage of interest payments is not a concern.