Changhua Chemical Technology Balance Sheet Health
Financial Health criteria checks 4/6
Changhua Chemical Technology has a total shareholder equity of CN¥1.5B and total debt of CN¥38.6M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are CN¥1.7B and CN¥233.1M respectively. Changhua Chemical Technology's EBIT is CN¥129.2M making its interest coverage ratio -22.2. It has cash and short-term investments of CN¥630.2M.
Key information
2.6%
Debt to equity ratio
CN¥38.57m
Debt
Interest coverage ratio | -22.2x |
Cash | CN¥630.22m |
Equity | CN¥1.47b |
Total liabilities | CN¥233.11m |
Total assets | CN¥1.70b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301518's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥209.6M).
Long Term Liabilities: 301518's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥23.5M).
Debt to Equity History and Analysis
Debt Level: 301518 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 301518's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 301518's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301518 earns more interest than it pays, so coverage of interest payments is not a concern.