Letong Chemical Co Ltd - Asset Resilience Ratio

Latest as of September 2023: 0.07%

Letong Chemical Co Ltd (002319) has an Asset Resilience Ratio of 0.07% as of September 2023. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. See Letong Chemical Co Ltd current assets vs equity to evaluate short-term liquidity relative to the company's equity base.

Liquid Assets

CN¥420.00K

≈ $61.46K USD Cash + Short-term Investments

Total Assets

CN¥625.27 Million

≈ $91.50 Million USD All company assets

Resilience Assessment

Low

Financial Resilience Level

Asset Resilience Ratio Trend (2022–2022)

This chart shows how Letong Chemical Co Ltd's Asset Resilience Ratio has changed over time. For the complete balance sheet picture, see Letong Chemical Co Ltd total assets.

Liquid Assets Composition Over Time

This chart breaks down Letong Chemical Co Ltd's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. Read Letong Chemical Co Ltd debt and liabilities for a breakdown of total debt and financial obligations.

Current Liquid Assets Breakdown

Component	Amount	% of Total Assets
Cash & Equivalents	CN¥0.00	0%
Short-term Investments	CN¥420.00K	0.07%
Total Liquid Assets	CN¥420.00K	0.07%

Asset Resilience Insights

Limited Liquidity: Letong Chemical Co Ltd maintains only 0.07% of assets in liquid form.
This low level may indicate efficient asset utilization but could pose risks during economic downturns.
The company has significant short-term investments, indicating active treasury management.

Letong Chemical Co Ltd Industry Peers by Asset Resilience Ratio

Compare Letong Chemical Co Ltd's asset resilience ratio with other companies in the same industry.

Company	Industry	Asset Resilience Ratio
AKZO NOBEL SPONS.ADRS 1/3 F:AKUP	Specialty Chemicals	1.69%
Zhejiang Longsheng Group Co Ltd SHG:600352	Specialty Chemicals	0.80%
LB Group Co Ltd SHE:002601	Specialty Chemicals	4.81%
Shandong Dongyue Organosilicon Mat SHE:300821	Specialty Chemicals	0.00%
Qingdao Gon Technology Co Ltd SHE:002768	Specialty Chemicals	0.01%
Lianhe Chemical Technology Co Ltd SHE:002250	Specialty Chemicals	0.44%
Guangzhou Sanfu New Materials Technology Co. Ltd. A SHG:688359	Specialty Chemicals	2.57%
Rianlon Corp SHE:300596	Specialty Chemicals	0.46%

Annual Asset Resilience Ratio for Letong Chemical Co Ltd (2022–2022)

The table below shows the annual Asset Resilience Ratio data for Letong Chemical Co Ltd.

Year	Asset Resilience Ratio (%)	Liquid Assets	Total Assets	Change
2022-12-31	0.07%	CN¥420.00K ≈ $61.46K	CN¥634.09 Million ≈ $92.79 Million	--

pp = percentage points

About Letong Chemical Co Ltd

SHE:002319 China Specialty Chemicals

Market Cap

$306.22 Million

CN¥2.09 Billion CNY

Market Cap Rank

#14832 Global

#4432 in China

Share Price

CN¥9.99

Change (1 day)

+0.40%

52-Week Range

CN¥9.55 - CN¥15.55

All Time High

CN¥25.27