Jiangsu Yangnong Chemical Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Yangnong Chemical has a total shareholder equity of CN¥10.4B and total debt of CN¥547.1M, which brings its debt-to-equity ratio to 5.3%. Its total assets and total liabilities are CN¥17.1B and CN¥6.7B respectively. Jiangsu Yangnong Chemical's EBIT is CN¥1.3B making its interest coverage ratio -25.8. It has cash and short-term investments of CN¥1.6B.
Key information
5.3%
Debt to equity ratio
CN¥547.05m
Debt
| Interest coverage ratio | -25.8x |
| Cash | CN¥1.62b |
| Equity | CN¥10.38b |
| Total liabilities | CN¥6.73b |
| Total assets | CN¥17.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600486's short term assets (CN¥7.5B) exceed its short term liabilities (CN¥6.5B).
Long Term Liabilities: 600486's short term assets (CN¥7.5B) exceed its long term liabilities (CN¥274.2M).
Debt to Equity History and Analysis
Debt Level: 600486 has more cash than its total debt.
Reducing Debt: 600486's debt to equity ratio has reduced from 27.6% to 5.3% over the past 5 years.
Debt Coverage: 600486's debt is well covered by operating cash flow (342.4%).
Interest Coverage: 600486 earns more interest than it pays, so coverage of interest payments is not a concern.