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¥38.0M, which brings its debt-to-equity ratio to 2.7%. 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
2.7%
Debt to equity ratio
CN¥38.04m
Debt
| Interest coverage ratio | -6.1x |
| Cash | CN¥503.14m |
| Equity | CN¥1.41b |
| Total liabilities | CN¥239.45m |
| Total assets | CN¥1.65b |
Recent financial health updates
No updates
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 (172.7%).
Interest Coverage: 301518 earns more interest than it pays, so coverage of interest payments is not a concern.