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¥4.6B and total debt of CN¥4.6B, which brings its debt-to-equity ratio to 100.2%. Its total assets and total liabilities are CN¥11.9B and CN¥7.2B respectively. Milkyway Chemical Supply Chain ServiceLtd's EBIT is CN¥792.2M making its interest coverage ratio 6.6. It has cash and short-term investments of CN¥1.5B.
Key information
100.2%
Debt to equity ratio
CN¥4.65b
Debt
| Interest coverage ratio | 6.6x |
| Cash | CN¥1.51b |
| Equity | CN¥4.64b |
| Total liabilities | CN¥7.25b |
| Total assets | CN¥11.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603713's short term assets (CN¥6.4B) exceed its short term liabilities (CN¥5.2B).
Long Term Liabilities: 603713's short term assets (CN¥6.4B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 603713's net debt to equity ratio (67.7%) is considered high.
Reducing Debt: 603713's debt to equity ratio has increased from 27.8% to 100.2% over the past 5 years.
Debt Coverage: 603713's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603713's interest payments on its debt are well covered by EBIT (6.6x coverage).