Hubei Xingfa Chemicals Group Balance Sheet Health
Financial Health criteria checks 2/6
Hubei Xingfa Chemicals Group has a total shareholder equity of CN¥22.4B and total debt of CN¥11.9B, which brings its debt-to-equity ratio to 53.2%. Its total assets and total liabilities are CN¥45.6B and CN¥23.1B respectively. Hubei Xingfa Chemicals Group's EBIT is CN¥2.0B making its interest coverage ratio 9. It has cash and short-term investments of CN¥2.2B.
Key information
53.2%
Debt to equity ratio
CN¥11.93b
Debt
Interest coverage ratio | 9x |
Cash | CN¥2.22b |
Equity | CN¥22.44b |
Total liabilities | CN¥23.15b |
Total assets | CN¥45.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600141's short term assets (CN¥8.0B) do not cover its short term liabilities (CN¥11.6B).
Long Term Liabilities: 600141's short term assets (CN¥8.0B) do not cover its long term liabilities (CN¥11.6B).
Debt to Equity History and Analysis
Debt Level: 600141's net debt to equity ratio (43.3%) is considered high.
Reducing Debt: 600141's debt to equity ratio has reduced from 145.7% to 53.2% over the past 5 years.
Debt Coverage: 600141's debt is not well covered by operating cash flow (12.2%).
Interest Coverage: 600141's interest payments on its debt are well covered by EBIT (9x coverage).