PhiChem Balance Sheet Health
Financial Health criteria checks 5/6
PhiChem has a total shareholder equity of CN¥4.0B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 44.2%. Its total assets and total liabilities are CN¥6.5B and CN¥2.5B respectively. PhiChem's EBIT is CN¥275.8M making its interest coverage ratio 30.3. It has cash and short-term investments of CN¥1.3B.
Key information
44.2%
Debt to equity ratio
CN¥1.77b
Debt
Interest coverage ratio | 30.3x |
Cash | CN¥1.31b |
Equity | CN¥4.01b |
Total liabilities | CN¥2.49b |
Total assets | CN¥6.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300398's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 300398's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥929.7M).
Debt to Equity History and Analysis
Debt Level: 300398's net debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: 300398's debt to equity ratio has increased from 34.2% to 44.2% over the past 5 years.
Debt Coverage: 300398's debt is well covered by operating cash flow (28.6%).
Interest Coverage: 300398's interest payments on its debt are well covered by EBIT (30.3x coverage).