Nanjing COSMOS Chemical Balance Sheet Health
Financial Health criteria checks 6/6
Nanjing COSMOS Chemical has a total shareholder equity of CN¥2.9B and total debt of CN¥631.3M, which brings its debt-to-equity ratio to 21.9%. Its total assets and total liabilities are CN¥4.1B and CN¥1.2B respectively. Nanjing COSMOS Chemical's EBIT is CN¥869.5M making its interest coverage ratio -152.7. It has cash and short-term investments of CN¥1.2B.
Key information
21.9%
Debt to equity ratio
CN¥631.33m
Debt
Interest coverage ratio | -152.7x |
Cash | CN¥1.23b |
Equity | CN¥2.89b |
Total liabilities | CN¥1.25b |
Total assets | CN¥4.14b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300856's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥453.0M).
Long Term Liabilities: 300856's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥794.1M).
Debt to Equity History and Analysis
Debt Level: 300856 has more cash than its total debt.
Reducing Debt: 300856's debt to equity ratio has reduced from 52.7% to 21.9% over the past 5 years.
Debt Coverage: 300856's debt is well covered by operating cash flow (124.8%).
Interest Coverage: 300856 earns more interest than it pays, so coverage of interest payments is not a concern.