Hangzhou Fortune Gas Cryogenic Group Balance Sheet Health
Financial Health criteria checks 6/6
Hangzhou Fortune Gas Cryogenic Group has a total shareholder equity of CN¥1.5B and total debt of CN¥63.3M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are CN¥4.4B and CN¥2.8B respectively. Hangzhou Fortune Gas Cryogenic Group's EBIT is CN¥185.2M making its interest coverage ratio -4.5. It has cash and short-term investments of CN¥1.2B.
Key information
4.2%
Debt to equity ratio
CN¥63.30m
Debt
Interest coverage ratio | -4.5x |
Cash | CN¥1.15b |
Equity | CN¥1.52b |
Total liabilities | CN¥2.85b |
Total assets | CN¥4.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603173's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 603173's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥29.4M).
Debt to Equity History and Analysis
Debt Level: 603173 has more cash than its total debt.
Reducing Debt: 603173's debt to equity ratio has reduced from 57% to 4.2% over the past 5 years.
Debt Coverage: 603173's debt is well covered by operating cash flow (792.2%).
Interest Coverage: 603173 earns more interest than it pays, so coverage of interest payments is not a concern.