Hengli PetrochemicalLtd Balance Sheet Health
Financial Health criteria checks 2/6
Hengli PetrochemicalLtd has a total shareholder equity of CN¥62.1B and total debt of CN¥158.4B, which brings its debt-to-equity ratio to 255.1%. Its total assets and total liabilities are CN¥272.5B and CN¥210.4B respectively. Hengli PetrochemicalLtd's EBIT is CN¥14.9B making its interest coverage ratio 3.6. It has cash and short-term investments of CN¥25.5B.
Key information
255.1%
Debt to equity ratio
CN¥158.37b
Debt
Interest coverage ratio | 3.6x |
Cash | CN¥25.48b |
Equity | CN¥62.09b |
Total liabilities | CN¥210.40b |
Total assets | CN¥272.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600346's short term assets (CN¥73.1B) do not cover its short term liabilities (CN¥130.3B).
Long Term Liabilities: 600346's short term assets (CN¥73.1B) do not cover its long term liabilities (CN¥80.1B).
Debt to Equity History and Analysis
Debt Level: 600346's net debt to equity ratio (214%) is considered high.
Reducing Debt: 600346's debt to equity ratio has reduced from 273.8% to 255.1% over the past 5 years.
Debt Coverage: 600346's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: 600346's interest payments on its debt are well covered by EBIT (3.6x coverage).