Jiangsu ChengXing Phosph-Chemicals Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu ChengXing Phosph-Chemicals has a total shareholder equity of CN¥2.2B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 66.9%. Its total assets and total liabilities are CN¥5.3B and CN¥3.1B respectively. Jiangsu ChengXing Phosph-Chemicals's EBIT is CN¥38.4M making its interest coverage ratio -0.6. It has cash and short-term investments of CN¥449.3M.
Key information
66.9%
Debt to equity ratio
CN¥1.49b
Debt
| Interest coverage ratio | -0.6x |
| Cash | CN¥449.28m |
| Equity | CN¥2.23b |
| Total liabilities | CN¥3.06b |
| Total assets | CN¥5.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600078's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 600078's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 600078's net debt to equity ratio (46.8%) is considered high.
Reducing Debt: 600078's debt to equity ratio has reduced from 160.3% to 66.9% over the past 5 years.
Debt Coverage: 600078's debt is well covered by operating cash flow (21.1%).
Interest Coverage: 600078 earns more interest than it pays, so coverage of interest payments is not a concern.