Jiangsu Zhengdan Chemical Industry Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Zhengdan Chemical Industry has a total shareholder equity of CN¥1.6B and total debt of CN¥457.5M, which brings its debt-to-equity ratio to 29%. Its total assets and total liabilities are CN¥2.2B and CN¥657.5M respectively. Jiangsu Zhengdan Chemical Industry's EBIT is CN¥38.5M making its interest coverage ratio -4.7. It has cash and short-term investments of CN¥592.6M.
Key information
29.0%
Debt to equity ratio
CN¥457.54m
Debt
| Interest coverage ratio | -4.7x |
| Cash | CN¥592.62m |
| Equity | CN¥1.58b |
| Total liabilities | CN¥657.48m |
| Total assets | CN¥2.24b |
Recent financial health updates
No updates
Recent updates
Jiangsu Zhengdan Chemical Industry (SZSE:300641) Might Be Having Difficulty Using Its Capital Effectively
Jun 26
Revenues Not Telling The Story For Jiangsu Zhengdan Chemical Industry Co., Ltd. (SZSE:300641) After Shares Rise 30%
Jun 05There's Reason For Concern Over Jiangsu Zhengdan Chemical Industry Co., Ltd.'s (SZSE:300641) Massive 178% Price Jump
Apr 19Jiangsu Zhengdan Chemical Industry Co., Ltd.'s (SZSE:300641) Prospects Need A Boost To Lift Shares
Mar 05Financial Position Analysis
Short Term Liabilities: 300641's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥331.4M).
Long Term Liabilities: 300641's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥326.1M).
Debt to Equity History and Analysis
Debt Level: 300641 has more cash than its total debt.
Reducing Debt: 300641's debt to equity ratio has increased from 17.6% to 29% over the past 5 years.
Debt Coverage: 300641's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300641 earns more interest than it pays, so coverage of interest payments is not a concern.