Shandong Chenming Paper Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Shandong Chenming Paper Holdings has a total shareholder equity of CN¥19.9B and total debt of CN¥38.1B, which brings its debt-to-equity ratio to 191.3%. Its total assets and total liabilities are CN¥75.2B and CN¥55.3B respectively. Shandong Chenming Paper Holdings's EBIT is CN¥273.8M making its interest coverage ratio 0.2. It has cash and short-term investments of CN¥10.1B.
Key information
191.3%
Debt to equity ratio
CN¥38.10b
Debt
| Interest coverage ratio | 0.2x |
| Cash | CN¥10.10b |
| Equity | CN¥19.92b |
| Total liabilities | CN¥55.27b |
| Total assets | CN¥75.19b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SCD1's short term assets (CN¥25.6B) do not cover its short term liabilities (CN¥46.7B).
Long Term Liabilities: SCD1's short term assets (CN¥25.6B) exceed its long term liabilities (CN¥8.6B).
Debt to Equity History and Analysis
Debt Level: SCD1's net debt to equity ratio (140.6%) is considered high.
Reducing Debt: SCD1's debt to equity ratio has reduced from 231.3% to 191.3% over the past 5 years.
Debt Coverage: SCD1's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: SCD1's interest payments on its debt are not well covered by EBIT (0.2x coverage).