Shanghai Haoyuan Chemexpress Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Haoyuan Chemexpress has a total shareholder equity of CN¥2.6B and total debt of CN¥938.0M, which brings its debt-to-equity ratio to 36.6%. Its total assets and total liabilities are CN¥4.3B and CN¥1.8B respectively. Shanghai Haoyuan Chemexpress's EBIT is CN¥237.2M making its interest coverage ratio 162.9. It has cash and short-term investments of CN¥445.3M.
Key information
36.6%
Debt to equity ratio
CN¥937.98m
Debt
Interest coverage ratio | 162.9x |
Cash | CN¥445.32m |
Equity | CN¥2.56b |
Total liabilities | CN¥1.76b |
Total assets | CN¥4.32b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688131's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 688131's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥546.9M).
Debt to Equity History and Analysis
Debt Level: 688131's net debt to equity ratio (19.2%) is considered satisfactory.
Reducing Debt: 688131's debt to equity ratio has increased from 14.9% to 36.6% over the past 5 years.
Debt Coverage: 688131's debt is not well covered by operating cash flow (12%).
Interest Coverage: 688131's interest payments on its debt are well covered by EBIT (162.9x coverage).