Changhua Chemical Technology Co., Ltd.

SZSE:301518 Stock Report

Market Cap: CN¥2.4b

Changhua Chemical Technology Balance Sheet Health

Financial Health criteria checks 5/6

Changhua Chemical Technology has a total shareholder equity of CN¥1.4B and total debt of CN¥44.5M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are CN¥1.6B and CN¥239.4M respectively. Changhua Chemical Technology's EBIT is CN¥53.7M making its interest coverage ratio -6.1. It has cash and short-term investments of CN¥503.1M.

Key information

3.2%

Debt to equity ratio

CN¥44.49m

Debt

Interest coverage ratio-6.1x
CashCN¥503.14m
EquityCN¥1.41b
Total liabilitiesCN¥239.45m
Total assetsCN¥1.65b

Recent financial health updates

No updates

Recent updates

Capital Allocation Trends At Changhua Chemical Technology (SZSE:301518) Aren't Ideal

Aug 20
Capital Allocation Trends At Changhua Chemical Technology (SZSE:301518) Aren't Ideal

Changhua Chemical Technology's (SZSE:301518) Solid Profits Have Weak Fundamentals

Apr 22
Changhua Chemical Technology's (SZSE:301518) Solid Profits Have Weak Fundamentals

Financial Position Analysis

Short Term Liabilities: 301518's short term assets (CN¥954.7M) exceed its short term liabilities (CN¥211.1M).

Long Term Liabilities: 301518's short term assets (CN¥954.7M) exceed its long term liabilities (CN¥28.3M).


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 debt is well covered by operating cash flow (147.7%).

Interest Coverage: 301518 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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