Jiangsu Huachang Chemical Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Huachang Chemical has a total shareholder equity of CN¥5.8B and total debt of CN¥268.6M, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are CN¥8.3B and CN¥2.5B respectively. Jiangsu Huachang Chemical's EBIT is CN¥943.4M making its interest coverage ratio -19.7. It has cash and short-term investments of CN¥783.8M.
Key information
4.6%
Debt to equity ratio
CN¥268.63m
Debt
Interest coverage ratio | -19.7x |
Cash | CN¥783.77m |
Equity | CN¥5.80b |
Total liabilities | CN¥2.54b |
Total assets | CN¥8.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002274's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 002274's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥7.4M).
Debt to Equity History and Analysis
Debt Level: 002274 has more cash than its total debt.
Reducing Debt: 002274's debt to equity ratio has reduced from 97.6% to 4.6% over the past 5 years.
Debt Coverage: 002274's debt is well covered by operating cash flow (297.1%).
Interest Coverage: 002274 earns more interest than it pays, so coverage of interest payments is not a concern.