Zibo Qixiang Tengda Chemical Balance Sheet Health
Financial Health criteria checks 1/6
Zibo Qixiang Tengda Chemical has a total shareholder equity of CN¥12.2B and total debt of CN¥9.5B, which brings its debt-to-equity ratio to 77.5%. Its total assets and total liabilities are CN¥25.4B and CN¥13.2B respectively. Zibo Qixiang Tengda Chemical's EBIT is CN¥333.1M making its interest coverage ratio 2.1. It has cash and short-term investments of CN¥2.9B.
Key information
77.5%
Debt to equity ratio
CN¥9.46b
Debt
| Interest coverage ratio | 2.1x |
| Cash | CN¥2.92b |
| Equity | CN¥12.20b |
| Total liabilities | CN¥13.21b |
| Total assets | CN¥25.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002408's short term assets (CN¥6.5B) do not cover its short term liabilities (CN¥9.9B).
Long Term Liabilities: 002408's short term assets (CN¥6.5B) exceed its long term liabilities (CN¥3.3B).
Debt to Equity History and Analysis
Debt Level: 002408's net debt to equity ratio (53.6%) is considered high.
Reducing Debt: 002408's debt to equity ratio has increased from 26.4% to 77.5% over the past 5 years.
Debt Coverage: 002408's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: 002408's interest payments on its debt are not well covered by EBIT (2.1x coverage).