Asymchem Laboratories (Tianjin) Balance Sheet Health
Financial Health criteria checks 5/6
Asymchem Laboratories (Tianjin) has a total shareholder equity of CN¥17.6B and total debt of CN¥12.2M, which brings its debt-to-equity ratio to 0.07%. Its total assets and total liabilities are CN¥19.8B and CN¥2.2B respectively. Asymchem Laboratories (Tianjin)'s EBIT is CN¥1.7B making its interest coverage ratio -4.9. It has cash and short-term investments of CN¥9.0B.
Key information
0.07%
Debt to equity ratio
CN¥12.23m
Debt
Interest coverage ratio | -4.9x |
Cash | CN¥8.98b |
Equity | CN¥17.61b |
Total liabilities | CN¥2.23b |
Total assets | CN¥19.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6821's short term assets (CN¥12.1B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 6821's short term assets (CN¥12.1B) exceed its long term liabilities (CN¥466.2M).
Debt to Equity History and Analysis
Debt Level: 6821 has more cash than its total debt.
Reducing Debt: 6821's debt to equity ratio has increased from 0% to 0.07% over the past 5 years.
Debt Coverage: 6821's debt is well covered by operating cash flow (22382%).
Interest Coverage: 6821 earns more interest than it pays, so coverage of interest payments is not a concern.