Satellite ChemicalLtd Balance Sheet Health
Financial Health criteria checks 4/6
Satellite ChemicalLtd has a total shareholder equity of CN¥27.8B and total debt of CN¥14.2B, which brings its debt-to-equity ratio to 50.9%. Its total assets and total liabilities are CN¥67.7B and CN¥39.8B respectively. Satellite ChemicalLtd's EBIT is CN¥7.3B making its interest coverage ratio 27.1. It has cash and short-term investments of CN¥7.2B.
Key information
50.9%
Debt to equity ratio
CN¥14.18b
Debt
| Interest coverage ratio | 27.1x |
| Cash | CN¥7.16b |
| Equity | CN¥27.85b |
| Total liabilities | CN¥39.80b |
| Total assets | CN¥67.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002648's short term assets (CN¥14.9B) do not cover its short term liabilities (CN¥15.1B).
Long Term Liabilities: 002648's short term assets (CN¥14.9B) do not cover its long term liabilities (CN¥24.7B).
Debt to Equity History and Analysis
Debt Level: 002648's net debt to equity ratio (25.2%) is considered satisfactory.
Reducing Debt: 002648's debt to equity ratio has reduced from 59.2% to 50.9% over the past 5 years.
Debt Coverage: 002648's debt is well covered by operating cash flow (64.4%).
Interest Coverage: 002648's interest payments on its debt are well covered by EBIT (27.1x coverage).