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¥739.4M, which brings its debt-to-equity ratio to 29.9%. Its total assets and total liabilities are CN¥4.0B and CN¥1.6B respectively. Zhejiang Xinhua ChemicalLtd's EBIT is CN¥355.4M making its interest coverage ratio 25.9. It has cash and short-term investments of CN¥561.3M.
Key information
29.9%
Debt to equity ratio
CN¥739.43m
Debt
| Interest coverage ratio | 25.9x |
| Cash | CN¥561.29m |
| Equity | CN¥2.47b |
| Total liabilities | CN¥1.57b |
| Total assets | CN¥4.04b |
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¥699.5M).
Long Term Liabilities: 603867's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥866.0M).
Debt to Equity History and Analysis
Debt Level: 603867's net debt to equity ratio (7.2%) is considered satisfactory.
Reducing Debt: 603867's debt to equity ratio has increased from 14.3% to 29.9% over the past 5 years.
Debt Coverage: 603867's debt is well covered by operating cash flow (24.5%).
Interest Coverage: 603867's interest payments on its debt are well covered by EBIT (25.9x coverage).