Zhejiang Xinhua ChemicalLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Xinhua ChemicalLtd has a total shareholder equity of CN¥2.5B and total debt of CN¥734.3M, which brings its debt-to-equity ratio to 29.9%. Its total assets and total liabilities are CN¥4.0B and CN¥1.5B respectively. Zhejiang Xinhua ChemicalLtd's EBIT is CN¥334.3M making its interest coverage ratio 26.7. It has cash and short-term investments of CN¥606.0M.
Key information
29.9%
Debt to equity ratio
CN¥734.26m
Debt
Interest coverage ratio | 26.7x |
Cash | CN¥606.01m |
Equity | CN¥2.46b |
Total liabilities | CN¥1.51b |
Total assets | CN¥3.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603867's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥655.1M).
Long Term Liabilities: 603867's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥858.9M).
Debt to Equity History and Analysis
Debt Level: 603867's net debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: 603867's debt to equity ratio has increased from 0% to 29.9% over the past 5 years.
Debt Coverage: 603867's debt is well covered by operating cash flow (30.9%).
Interest Coverage: 603867's interest payments on its debt are well covered by EBIT (26.7x coverage).