PhiChem Balance Sheet Health
Financial Health criteria checks 5/6
PhiChem has a total shareholder equity of CN¥4.0B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 42.8%. Its total assets and total liabilities are CN¥6.5B and CN¥2.5B respectively. PhiChem's EBIT is CN¥317.6M making its interest coverage ratio -9.2. It has cash and short-term investments of CN¥1.3B.
Key information
42.8%
Debt to equity ratio
CN¥1.72b
Debt
Interest coverage ratio | -9.2x |
Cash | CN¥1.31b |
Equity | CN¥4.01b |
Total liabilities | CN¥2.49b |
Total assets | CN¥6.50b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300398's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 300398's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥929.7M).
Debt to Equity History and Analysis
Debt Level: 300398's net debt to equity ratio (10.2%) is considered satisfactory.
Reducing Debt: 300398's debt to equity ratio has increased from 34.2% to 42.8% over the past 5 years.
Debt Coverage: 300398's debt is well covered by operating cash flow (29.5%).
Interest Coverage: 300398 earns more interest than it pays, so coverage of interest payments is not a concern.