Jiangsu Flag Chemical Industry Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Flag Chemical Industry has a total shareholder equity of CN¥2.3B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 46.6%. Its total assets and total liabilities are CN¥4.1B and CN¥1.8B respectively. Jiangsu Flag Chemical Industry's EBIT is CN¥75.9M making its interest coverage ratio 5. It has cash and short-term investments of CN¥464.7M.
Key information
46.6%
Debt to equity ratio
CN¥1.05b
Debt
| Interest coverage ratio | 5x |
| Cash | CN¥464.74m |
| Equity | CN¥2.26b |
| Total liabilities | CN¥1.82b |
| Total assets | CN¥4.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300575's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 300575's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥614.5M).
Debt to Equity History and Analysis
Debt Level: 300575's net debt to equity ratio (26%) is considered satisfactory.
Reducing Debt: 300575's debt to equity ratio has increased from 35% to 46.6% over the past 5 years.
Debt Coverage: 300575's debt is well covered by operating cash flow (29.8%).
Interest Coverage: 300575's interest payments on its debt are well covered by EBIT (5x coverage).