Shandong Weifang Rainbow Chemical Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Weifang Rainbow Chemical has a total shareholder equity of CN¥7.1B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 43.9%. Its total assets and total liabilities are CN¥15.1B and CN¥8.0B respectively. Shandong Weifang Rainbow Chemical's EBIT is CN¥1.1B making its interest coverage ratio 32.5. It has cash and short-term investments of CN¥2.6B.
Key information
43.9%
Debt to equity ratio
CN¥3.12b
Debt
| Interest coverage ratio | 32.5x |
| Cash | CN¥2.62b |
| Equity | CN¥7.11b |
| Total liabilities | CN¥7.95b |
| Total assets | CN¥15.06b |
Recent financial health updates
Recent updates
Shandong Weifang Rainbow Chemical (SZSE:301035) Has A Somewhat Strained Balance Sheet
Jul 12
Shandong Weifang Rainbow Chemical (SZSE:301035) Has More To Do To Multiply In Value Going Forward
Jun 21Why Shandong Weifang Rainbow Chemical's (SZSE:301035) Shaky Earnings Are Just The Beginning Of Its Problems
May 02Shandong Weifang Rainbow Chemical Co., Ltd's (SZSE:301035) Shares Not Telling The Full Story
Apr 04Financial Position Analysis
Short Term Liabilities: 301035's short term assets (CN¥11.9B) exceed its short term liabilities (CN¥7.8B).
Long Term Liabilities: 301035's short term assets (CN¥11.9B) exceed its long term liabilities (CN¥183.4M).
Debt to Equity History and Analysis
Debt Level: 301035's net debt to equity ratio (7.1%) is considered satisfactory.
Reducing Debt: 301035's debt to equity ratio has increased from 14.5% to 43.9% over the past 5 years.
Debt Coverage: 301035's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301035's interest payments on its debt are well covered by EBIT (32.5x coverage).