Wanhua Chemical Group Balance Sheet Health
Financial Health criteria checks 3/6
Wanhua Chemical Group has a total shareholder equity of CN¥99.6B and total debt of CN¥113.2B, which brings its debt-to-equity ratio to 113.6%. Its total assets and total liabilities are CN¥294.2B and CN¥194.6B respectively. Wanhua Chemical Group's EBIT is CN¥21.0B making its interest coverage ratio 17.9. It has cash and short-term investments of CN¥34.9B.
Key information
113.6%
Debt to equity ratio
CN¥113.19b
Debt
| Interest coverage ratio | 17.9x |
| Cash | CN¥34.92b |
| Equity | CN¥99.63b |
| Total liabilities | CN¥194.61b |
| Total assets | CN¥294.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600309's short term assets (CN¥84.0B) do not cover its short term liabilities (CN¥133.2B).
Long Term Liabilities: 600309's short term assets (CN¥84.0B) exceed its long term liabilities (CN¥61.5B).
Debt to Equity History and Analysis
Debt Level: 600309's net debt to equity ratio (78.6%) is considered high.
Reducing Debt: 600309's debt to equity ratio has increased from 84.1% to 113.6% over the past 5 years.
Debt Coverage: 600309's debt is well covered by operating cash flow (22.9%).
Interest Coverage: 600309's interest payments on its debt are well covered by EBIT (17.9x coverage).