Chongqing Polycomp International Balance Sheet Health
Financial Health criteria checks 2/6
Chongqing Polycomp International has a total shareholder equity of CN¥9.2B and total debt of CN¥10.2B, which brings its debt-to-equity ratio to 111.2%. Its total assets and total liabilities are CN¥21.6B and CN¥12.4B respectively. Chongqing Polycomp International's EBIT is CN¥110.8M making its interest coverage ratio 0.4. It has cash and short-term investments of CN¥2.3B.
Key information
111.2%
Debt to equity ratio
CN¥10.23b
Debt
| Interest coverage ratio | 0.4x |
| Cash | CN¥2.27b |
| Equity | CN¥9.20b |
| Total liabilities | CN¥12.44b |
| Total assets | CN¥21.64b |
Financial Position Analysis
Short Term Liabilities: 301526's short term assets (CN¥7.7B) do not cover its short term liabilities (CN¥8.3B).
Long Term Liabilities: 301526's short term assets (CN¥7.7B) exceed its long term liabilities (CN¥4.1B).
Debt to Equity History and Analysis
Debt Level: 301526's net debt to equity ratio (86.5%) is considered high.
Reducing Debt: 301526's debt to equity ratio has reduced from 115.4% to 111.2% over the past 5 years.
Debt Coverage: 301526's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: 301526's interest payments on its debt are not well covered by EBIT (0.4x coverage).