Huafon ChemicalLtd Balance Sheet Health
Financial Health criteria checks 6/6
Huafon ChemicalLtd has a total shareholder equity of CN¥26.3B and total debt of CN¥3.5B, which brings its debt-to-equity ratio to 13.3%. Its total assets and total liabilities are CN¥35.5B and CN¥9.2B respectively. Huafon ChemicalLtd's EBIT is CN¥2.5B making its interest coverage ratio -8.4. It has cash and short-term investments of CN¥8.4B.
Key information
13.3%
Debt to equity ratio
CN¥3.50b
Debt
| Interest coverage ratio | -8.4x |
| Cash | CN¥8.39b |
| Equity | CN¥26.30b |
| Total liabilities | CN¥9.23b |
| Total assets | CN¥35.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002064's short term assets (CN¥20.0B) exceed its short term liabilities (CN¥7.8B).
Long Term Liabilities: 002064's short term assets (CN¥20.0B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 002064 has more cash than its total debt.
Reducing Debt: 002064's debt to equity ratio has reduced from 19.2% to 13.3% over the past 5 years.
Debt Coverage: 002064's debt is well covered by operating cash flow (85.9%).
Interest Coverage: 002064 earns more interest than it pays, so coverage of interest payments is not a concern.