Yingde Greatchem Chemicals Balance Sheet Health
Financial Health criteria checks 4/6
Yingde Greatchem Chemicals has a total shareholder equity of CN¥1.3B and total debt of CN¥313.3M, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are CN¥1.9B and CN¥593.0M respectively. Yingde Greatchem Chemicals's EBIT is CN¥25.7M making its interest coverage ratio -10.7. It has cash and short-term investments of CN¥541.0M.
Key information
23.9%
Debt to equity ratio
CN¥313.27m
Debt
| Interest coverage ratio | -10.7x |
| Cash | CN¥541.03m |
| Equity | CN¥1.31b |
| Total liabilities | CN¥593.04m |
| Total assets | CN¥1.91b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300804's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥461.5M).
Long Term Liabilities: 300804's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥131.5M).
Debt to Equity History and Analysis
Debt Level: 300804 has more cash than its total debt.
Reducing Debt: 300804's debt to equity ratio has increased from 15.6% to 23.9% over the past 5 years.
Debt Coverage: 300804's debt is not well covered by operating cash flow (6.2%).
Interest Coverage: 300804 earns more interest than it pays, so coverage of interest payments is not a concern.