Changhae Ethanol Balance Sheet Health
Financial Health criteria checks 6/6
Changhae Ethanol has a total shareholder equity of ₩135.0B and total debt of ₩37.3B, which brings its debt-to-equity ratio to 27.7%. Its total assets and total liabilities are ₩185.8B and ₩50.7B respectively. Changhae Ethanol's EBIT is ₩18.5B making its interest coverage ratio 9. It has cash and short-term investments of ₩9.0B.
Key information
27.7%
Debt to equity ratio
₩37.34b
Debt
| Interest coverage ratio | 9x |
| Cash | ₩8.97b |
| Equity | ₩135.02b |
| Total liabilities | ₩50.74b |
| Total assets | ₩185.76b |
Recent financial health updates
Recent updates
Should Changhae Ethanol Co., Ltd. (KOSDAQ:004650) Be Part Of Your Dividend Portfolio?
May 01
Is Now The Time To Put Changhae Ethanol (KOSDAQ:004650) On Your Watchlist?
Mar 20Does Changhae Ethanol's (KOSDAQ:004650) Returns On Capital Reflect Well On The Business?
Mar 02These 4 Measures Indicate That Changhae Ethanol (KOSDAQ:004650) Is Using Debt Extensively
Feb 10Shareholders Are Loving Changhae Ethanol Co., Ltd.'s (KOSDAQ:004650) 4.6% Yield
Jan 23If You Had Bought Changhae Ethanol's (KOSDAQ:004650) Shares Five Years Ago You Would Be Down 46%
Jan 08Should You Buy Changhae Ethanol Co., Ltd. (KOSDAQ:004650) For Its Upcoming Dividend?
Dec 24
Here's Why We Don't Think Changhae Ethanol's (KOSDAQ:004650) Statutory Earnings Reflect Its Underlying Earnings Potential
Dec 12Here's Why I Think Changhae Ethanol (KOSDAQ:004650) Might Deserve Your Attention Today
Nov 28Financial Position Analysis
Short Term Liabilities: A004650's short term assets (₩65.7B) exceed its short term liabilities (₩45.8B).
Long Term Liabilities: A004650's short term assets (₩65.7B) exceed its long term liabilities (₩4.9B).
Debt to Equity History and Analysis
Debt Level: A004650's net debt to equity ratio (21%) is considered satisfactory.
Reducing Debt: A004650's debt to equity ratio has reduced from 61.9% to 27.7% over the past 5 years.
Debt Coverage: A004650's debt is well covered by operating cash flow (26.9%).
Interest Coverage: A004650's interest payments on its debt are well covered by EBIT (9x coverage).