Milkyway Chemical Supply Chain ServiceLtd Balance Sheet Health
Financial Health criteria checks 3/6
Milkyway Chemical Supply Chain ServiceLtd has a total shareholder equity of CN¥4.5B and total debt of CN¥4.4B, which brings its debt-to-equity ratio to 97.1%. Its total assets and total liabilities are CN¥11.4B and CN¥6.9B respectively. Milkyway Chemical Supply Chain ServiceLtd's EBIT is CN¥739.9M making its interest coverage ratio 6.5. It has cash and short-term investments of CN¥1.4B.
Key information
97.1%
Debt to equity ratio
CN¥4.38b
Debt
Interest coverage ratio | 6.5x |
Cash | CN¥1.43b |
Equity | CN¥4.51b |
Total liabilities | CN¥6.89b |
Total assets | CN¥11.40b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603713's short term assets (CN¥6.0B) exceed its short term liabilities (CN¥4.7B).
Long Term Liabilities: 603713's short term assets (CN¥6.0B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 603713's net debt to equity ratio (65.4%) is considered high.
Reducing Debt: 603713's debt to equity ratio has increased from 19.9% to 97.1% over the past 5 years.
Debt Coverage: 603713's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: 603713's interest payments on its debt are well covered by EBIT (6.5x coverage).