Rongsheng Petrochemical Balance Sheet Health
Financial Health criteria checks 1/6
Rongsheng Petrochemical has a total shareholder equity of CN¥95.4B and total debt of CN¥210.3B, which brings its debt-to-equity ratio to 220.3%. Its total assets and total liabilities are CN¥380.8B and CN¥285.4B respectively. Rongsheng Petrochemical's EBIT is CN¥14.2B making its interest coverage ratio 4.4. It has cash and short-term investments of CN¥22.4B.
Key information
220.3%
Debt to equity ratio
CN¥210.25b
Debt
| Interest coverage ratio | 4.4x |
| Cash | CN¥22.36b |
| Equity | CN¥95.44b |
| Total liabilities | CN¥285.37b |
| Total assets | CN¥380.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002493's short term assets (CN¥94.5B) do not cover its short term liabilities (CN¥153.0B).
Long Term Liabilities: 002493's short term assets (CN¥94.5B) do not cover its long term liabilities (CN¥132.3B).
Debt to Equity History and Analysis
Debt Level: 002493's net debt to equity ratio (196.9%) is considered high.
Reducing Debt: 002493's debt to equity ratio has increased from 200.1% to 220.3% over the past 5 years.
Debt Coverage: 002493's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: 002493's interest payments on its debt are well covered by EBIT (4.4x coverage).