Lihuayi Weiyuan Chemical Balance Sheet Health
Financial Health criteria checks 4/6
Lihuayi Weiyuan Chemical has a total shareholder equity of CN¥8.6B and total debt of CN¥3.5B, which brings its debt-to-equity ratio to 40%. Its total assets and total liabilities are CN¥13.6B and CN¥4.9B respectively. Lihuayi Weiyuan Chemical's EBIT is CN¥97.3M making its interest coverage ratio -12.6. It has cash and short-term investments of CN¥1.4B.
Key information
40.0%
Debt to equity ratio
CN¥3.45b
Debt
| Interest coverage ratio | -12.6x |
| Cash | CN¥1.36b |
| Equity | CN¥8.63b |
| Total liabilities | CN¥4.93b |
| Total assets | CN¥13.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600955's short term assets (CN¥2.0B) do not cover its short term liabilities (CN¥2.1B).
Long Term Liabilities: 600955's short term assets (CN¥2.0B) do not cover its long term liabilities (CN¥2.8B).
Debt to Equity History and Analysis
Debt Level: 600955's net debt to equity ratio (24.3%) is considered satisfactory.
Reducing Debt: 600955's debt to equity ratio has reduced from 198.6% to 40% over the past 5 years.
Debt Coverage: 600955's debt is well covered by operating cash flow (34%).
Interest Coverage: 600955 earns more interest than it pays, so coverage of interest payments is not a concern.