Huarong Chemical Balance Sheet Health
Financial Health criteria checks 4/6
Huarong Chemical has a total shareholder equity of CN¥1.7B and total debt of CN¥604.2M, which brings its debt-to-equity ratio to 36%. Its total assets and total liabilities are CN¥2.5B and CN¥845.8M respectively. Huarong Chemical's EBIT is CN¥41.6M making its interest coverage ratio -0.5. It has cash and short-term investments of CN¥1.8B.
Key information
36.0%
Debt to equity ratio
CN¥604.16m
Debt
| Interest coverage ratio | -0.5x |
| Cash | CN¥1.84b |
| Equity | CN¥1.68b |
| Total liabilities | CN¥845.77m |
| Total assets | CN¥2.52b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301256's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥844.5M).
Long Term Liabilities: 301256's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥1.3M).
Debt to Equity History and Analysis
Debt Level: 301256 has more cash than its total debt.
Reducing Debt: 301256's debt to equity ratio has increased from 14.4% to 36% over the past 5 years.
Debt Coverage: 301256's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301256 earns more interest than it pays, so coverage of interest payments is not a concern.