China Sanjiang Fine Chemicals Balance Sheet Health
Financial Health criteria checks 1/6
China Sanjiang Fine Chemicals has a total shareholder equity of CN¥4.4B and total debt of CN¥10.2B, which brings its debt-to-equity ratio to 233.6%. Its total assets and total liabilities are CN¥21.0B and CN¥16.6B respectively.
Key information
233.6%
Debt to equity ratio
CN¥10.19b
Debt
Interest coverage ratio | n/a |
Cash | CN¥616.40m |
Equity | CN¥4.36b |
Total liabilities | CN¥16.64b |
Total assets | CN¥21.00b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8C9's short term assets (CN¥6.3B) do not cover its short term liabilities (CN¥12.4B).
Long Term Liabilities: 8C9's short term assets (CN¥6.3B) exceed its long term liabilities (CN¥4.2B).
Debt to Equity History and Analysis
Debt Level: 8C9's net debt to equity ratio (219.5%) is considered high.
Reducing Debt: 8C9's debt to equity ratio has increased from 85.1% to 233.6% over the past 5 years.
Debt Coverage: 8C9's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 8C9's interest payments on its debt are well covered by EBIT.