Jiangsu Zhengdan Chemical Industry Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Zhengdan Chemical Industry has a total shareholder equity of CN¥2.6B and total debt of CN¥190.8M, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are CN¥3.1B and CN¥449.2M respectively. Jiangsu Zhengdan Chemical Industry's EBIT is CN¥940.0M making its interest coverage ratio -142.2. It has cash and short-term investments of CN¥1.1B.
Key information
7.2%
Debt to equity ratio
CN¥190.79m
Debt
| Interest coverage ratio | -142.2x |
| Cash | CN¥1.12b |
| Equity | CN¥2.64b |
| Total liabilities | CN¥449.17m |
| Total assets | CN¥3.09b |
Recent financial health updates
Recent updates
Is Jiangsu Zhengdan Chemical Industry (SZSE:300641) A Risky Investment?
Nov 19
Jiangsu Zhengdan Chemical Industry (SZSE:300641) Could Become A Multi-Bagger
Nov 04What Jiangsu Zhengdan Chemical Industry Co., Ltd.'s (SZSE:300641) 36% Share Price Gain Is Not Telling You
Oct 02Risks Still Elevated At These Prices As Jiangsu Zhengdan Chemical Industry Co., Ltd. (SZSE:300641) Shares Dive 28%
Aug 07Jiangsu Zhengdan Chemical Industry (SZSE:300641) Might Be Having Difficulty Using Its Capital Effectively
Jun 26Revenues 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¥2.3B) exceed its short term liabilities (CN¥446.6M).
Long Term Liabilities: 300641's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥2.6M).
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 reduced from 19% to 7.2% over the past 5 years.
Debt Coverage: 300641's debt is well covered by operating cash flow (253.3%).
Interest Coverage: 300641 earns more interest than it pays, so coverage of interest payments is not a concern.