Shandong Polymer Biochemicals Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Polymer Biochemicals has a total shareholder equity of CN¥894.1M and total debt of CN¥23.3M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are CN¥994.0M and CN¥99.9M respectively. Shandong Polymer Biochemicals's EBIT is CN¥882.5K making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥360.8M.
Key information
2.6%
Debt to equity ratio
CN¥23.25m
Debt
| Interest coverage ratio | -0.2x |
| Cash | CN¥360.84m |
| Equity | CN¥894.11m |
| Total liabilities | CN¥99.93m |
| Total assets | CN¥994.04m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002476's short term assets (CN¥757.4M) exceed its short term liabilities (CN¥98.8M).
Long Term Liabilities: 002476's short term assets (CN¥757.4M) exceed its long term liabilities (CN¥1.1M).
Debt to Equity History and Analysis
Debt Level: 002476 has more cash than its total debt.
Reducing Debt: 002476's debt to equity ratio has reduced from 11.3% to 2.6% over the past 5 years.
Debt Coverage: 002476's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002476 earns more interest than it pays, so coverage of interest payments is not a concern.