Zhejiang Jiahua Energy Chemical IndustryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Jiahua Energy Chemical IndustryLtd has a total shareholder equity of CN¥10.1B and total debt of CN¥702.8M, which brings its debt-to-equity ratio to 7%. Its total assets and total liabilities are CN¥12.4B and CN¥2.4B respectively. Zhejiang Jiahua Energy Chemical IndustryLtd's EBIT is CN¥1.1B making its interest coverage ratio -20.2. It has cash and short-term investments of CN¥1.2B.
Key information
7.0%
Debt to equity ratio
CN¥702.81m
Debt
Interest coverage ratio | -20.2x |
Cash | CN¥1.20b |
Equity | CN¥10.08b |
Total liabilities | CN¥2.35b |
Total assets | CN¥12.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600273's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 600273's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥232.5M).
Debt to Equity History and Analysis
Debt Level: 600273 has more cash than its total debt.
Reducing Debt: 600273's debt to equity ratio has reduced from 12.2% to 7% over the past 5 years.
Debt Coverage: 600273's debt is well covered by operating cash flow (69.7%).
Interest Coverage: 600273 earns more interest than it pays, so coverage of interest payments is not a concern.