Longkou Union Chemical Balance Sheet Health
Financial Health criteria checks 6/6
Longkou Union Chemical has a total shareholder equity of CN¥722.4M and total debt of CN¥26.2M, which brings its debt-to-equity ratio to 3.6%. Its total assets and total liabilities are CN¥819.4M and CN¥97.0M respectively. Longkou Union Chemical's EBIT is CN¥52.6M making its interest coverage ratio -5.9. It has cash and short-term investments of CN¥433.9M.
Key information
3.6%
Debt to equity ratio
CN¥26.22m
Debt
| Interest coverage ratio | -5.9x |
| Cash | CN¥433.92m |
| Equity | CN¥722.41m |
| Total liabilities | CN¥96.98m |
| Total assets | CN¥819.39m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301209's short term assets (CN¥706.5M) exceed its short term liabilities (CN¥93.3M).
Long Term Liabilities: 301209's short term assets (CN¥706.5M) exceed its long term liabilities (CN¥3.6M).
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 37.9% to 3.6% over the past 5 years.
Debt Coverage: 301209's debt is well covered by operating cash flow (200.3%).
Interest Coverage: 301209 earns more interest than it pays, so coverage of interest payments is not a concern.