Longkou Union Chemical Balance Sheet Health
Financial Health criteria checks 6/6
Longkou Union Chemical has a total shareholder equity of CN¥702.6M and total debt of CN¥50.4M, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are CN¥829.1M and CN¥126.5M respectively. Longkou Union Chemical's EBIT is CN¥29.5M making its interest coverage ratio -3.6. It has cash and short-term investments of CN¥415.8M.
Key information
7.2%
Debt to equity ratio
CN¥50.42m
Debt
| Interest coverage ratio | -3.6x |
| Cash | CN¥415.83m |
| Equity | CN¥702.59m |
| Total liabilities | CN¥126.47m |
| Total assets | CN¥829.06m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301209's short term assets (CN¥711.3M) exceed its short term liabilities (CN¥122.4M).
Long Term Liabilities: 301209's short term assets (CN¥711.3M) exceed its long term liabilities (CN¥4.1M).
Debt to Equity History and Analysis
Debt Level: 301209 has more cash than its total debt.
Reducing Debt: 301209's debt to equity ratio has reduced from 43.8% to 7.2% over the past 5 years.
Debt Coverage: 301209's debt is well covered by operating cash flow (105.7%).
Interest Coverage: 301209 earns more interest than it pays, so coverage of interest payments is not a concern.