Jiangsu Flag Chemical Industry Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Flag Chemical Industry has a total shareholder equity of CN¥2.3B and total debt of CN¥910.3M, which brings its debt-to-equity ratio to 40.3%. Its total assets and total liabilities are CN¥3.9B and CN¥1.7B respectively. Jiangsu Flag Chemical Industry's EBIT is CN¥104.5M making its interest coverage ratio 6.3. It has cash and short-term investments of CN¥467.2M.
Key information
40.3%
Debt to equity ratio
CN¥910.27m
Debt
Interest coverage ratio | 6.3x |
Cash | CN¥467.24m |
Equity | CN¥2.26b |
Total liabilities | CN¥1.65b |
Total assets | CN¥3.91b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300575's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 300575's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥579.4M).
Debt to Equity History and Analysis
Debt Level: 300575's net debt to equity ratio (19.6%) is considered satisfactory.
Reducing Debt: 300575's debt to equity ratio has reduced from 40.8% to 40.3% over the past 5 years.
Debt Coverage: 300575's debt is well covered by operating cash flow (57.7%).
Interest Coverage: 300575's interest payments on its debt are well covered by EBIT (6.3x coverage).