Hengyi Petrochemical Balance Sheet Health
Financial Health criteria checks 1/6
Hengyi Petrochemical has a total shareholder equity of CN¥32.0B and total debt of CN¥67.6B, which brings its debt-to-equity ratio to 211.4%. Its total assets and total liabilities are CN¥110.9B and CN¥78.9B respectively. Hengyi Petrochemical's EBIT is CN¥3.3B making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥14.4B.
Key information
211.4%
Debt to equity ratio
CN¥67.60b
Debt
| Interest coverage ratio | 1.7x |
| Cash | CN¥14.43b |
| Equity | CN¥31.97b |
| Total liabilities | CN¥78.90b |
| Total assets | CN¥110.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000703's short term assets (CN¥39.5B) do not cover its short term liabilities (CN¥57.7B).
Long Term Liabilities: 000703's short term assets (CN¥39.5B) exceed its long term liabilities (CN¥21.2B).
Debt to Equity History and Analysis
Debt Level: 000703's net debt to equity ratio (166.3%) is considered high.
Reducing Debt: 000703's debt to equity ratio has increased from 126.4% to 211.4% over the past 5 years.
Debt Coverage: 000703's debt is not well covered by operating cash flow (5.7%).
Interest Coverage: 000703's interest payments on its debt are not well covered by EBIT (1.7x coverage).