China Resources Chemical Innovative Materials Balance Sheet Health
Financial Health criteria checks 5/6
China Resources Chemical Innovative Materials has a total shareholder equity of CN¥7.1B and total debt of CN¥152.2M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are CN¥10.1B and CN¥3.0B respectively. China Resources Chemical Innovative Materials's EBIT is CN¥88.9M making its interest coverage ratio -0.9. It has cash and short-term investments of CN¥880.0M.
Key information
2.1%
Debt to equity ratio
CN¥152.17m
Debt
Interest coverage ratio | -0.9x |
Cash | CN¥880.02m |
Equity | CN¥7.10b |
Total liabilities | CN¥3.03b |
Total assets | CN¥10.13b |
Recent financial health updates
Recent updates
Is China Resources Chemical Innovative Materials (SZSE:301090) A Risky Investment?
Jun 03Investors Can Find Comfort In China Resources Chemical Innovative Materials' (SZSE:301090) Earnings Quality
May 02China Resources Chemical Innovative Materials (SZSE:301090) May Have Issues Allocating Its Capital
Mar 05Financial Position Analysis
Short Term Liabilities: 301090's short term assets (CN¥7.5B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 301090's short term assets (CN¥7.5B) exceed its long term liabilities (CN¥189.0M).
Debt to Equity History and Analysis
Debt Level: 301090 has more cash than its total debt.
Reducing Debt: 301090's debt to equity ratio has reduced from 14.7% to 2.1% over the past 5 years.
Debt Coverage: 301090's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301090 earns more interest than it pays, so coverage of interest payments is not a concern.