Asia Cement (China) Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Asia Cement (China) Holdings has a total shareholder equity of CN¥17.2B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are CN¥20.3B and CN¥3.1B respectively. Asia Cement (China) Holdings's EBIT is CN¥352.1M making its interest coverage ratio -3.2. It has cash and short-term investments of CN¥9.4B.
Key information
10.3%
Debt to equity ratio
CN¥1.77b
Debt
Interest coverage ratio | -3.2x |
Cash | CN¥9.40b |
Equity | CN¥17.21b |
Total liabilities | CN¥3.08b |
Total assets | CN¥20.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4OJ's short term assets (CN¥10.9B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 4OJ's short term assets (CN¥10.9B) exceed its long term liabilities (CN¥858.5M).
Debt to Equity History and Analysis
Debt Level: 4OJ has more cash than its total debt.
Reducing Debt: 4OJ's debt to equity ratio has reduced from 53.3% to 10.3% over the past 5 years.
Debt Coverage: 4OJ's debt is well covered by operating cash flow (100%).
Interest Coverage: 4OJ earns more interest than it pays, so coverage of interest payments is not a concern.