Hengyi Petrochemical Balance Sheet Health
Financial Health criteria checks 1/6
Hengyi Petrochemical has a total shareholder equity of CN¥30.8B and total debt of CN¥68.4B, which brings its debt-to-equity ratio to 222%. Its total assets and total liabilities are CN¥109.9B and CN¥79.1B respectively. Hengyi Petrochemical's EBIT is CN¥2.9B making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥12.4B.
Key information
222.0%
Debt to equity ratio
CN¥68.42b
Debt
| Interest coverage ratio | 1.4x |
| Cash | CN¥12.39b |
| Equity | CN¥30.82b |
| Total liabilities | CN¥79.11b |
| Total assets | CN¥109.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000703's short term assets (CN¥38.6B) do not cover its short term liabilities (CN¥57.8B).
Long Term Liabilities: 000703's short term assets (CN¥38.6B) exceed its long term liabilities (CN¥21.4B).
Debt to Equity History and Analysis
Debt Level: 000703's net debt to equity ratio (181.8%) is considered high.
Reducing Debt: 000703's debt to equity ratio has increased from 133.1% to 222% over the past 5 years.
Debt Coverage: 000703's debt is not well covered by operating cash flow (6.7%).
Interest Coverage: 000703's interest payments on its debt are not well covered by EBIT (1.4x coverage).