Wanhua Chemical Group Balance Sheet Health
Financial Health criteria checks 3/6
Wanhua Chemical Group has a total shareholder equity of CN¥101.6B and total debt of CN¥121.1B, which brings its debt-to-equity ratio to 119.2%. Its total assets and total liabilities are CN¥309.6B and CN¥208.0B respectively. Wanhua Chemical Group's EBIT is CN¥19.9B making its interest coverage ratio 16.4. It has cash and short-term investments of CN¥41.2B.
Key information
119.2%
Debt to equity ratio
CN¥121.09b
Debt
| Interest coverage ratio | 16.4x |
| Cash | CN¥41.19b |
| Equity | CN¥101.60b |
| Total liabilities | CN¥208.04b |
| Total assets | CN¥309.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600309's short term assets (CN¥91.9B) do not cover its short term liabilities (CN¥139.4B).
Long Term Liabilities: 600309's short term assets (CN¥91.9B) exceed its long term liabilities (CN¥68.7B).
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 76.4% to 119.2% over the past 5 years.
Debt Coverage: 600309's debt is well covered by operating cash flow (23.9%).
Interest Coverage: 600309's interest payments on its debt are well covered by EBIT (16.4x coverage).