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¥1.6B and total debt of CN¥40.0M, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are CN¥5.0B and CN¥3.4B respectively. Hangzhou Fortune Gas Cryogenic Group's EBIT is CN¥214.9M making its interest coverage ratio -4.6. It has cash and short-term investments of CN¥1.2B.
Key information
2.5%
Debt to equity ratio
CN¥40.03m
Debt
| Interest coverage ratio | -4.6x |
| Cash | CN¥1.22b |
| Equity | CN¥1.60b |
| Total liabilities | CN¥3.37b |
| Total assets | CN¥4.97b |
Recent financial health updates
No updates
Recent updates
Hangzhou Fortune Gas Cryogenic Group Co., Ltd.'s (SHSE:603173) Shares Bounce 28% But Its Business Still Trails The Market
Nov 08
We Think Hangzhou Fortune Gas Cryogenic Group's (SHSE:603173) Profit Is Only A Baseline For What They Can Achieve
Nov 05Hangzhou Fortune Gas Cryogenic Group Co., Ltd.'s (SHSE:603173) Low P/E No Reason For Excitement
Jul 31Hangzhou Fortune Gas Cryogenic Group's (SHSE:603173) Strong Earnings Are Of Good Quality
Apr 26Financial Position Analysis
Short Term Liabilities: 603173's short term assets (CN¥4.4B) exceed its short term liabilities (CN¥3.3B).
Long Term Liabilities: 603173's short term assets (CN¥4.4B) exceed its long term liabilities (CN¥32.9M).
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 42.2% to 2.5% over the past 5 years.
Debt Coverage: 603173's debt is well covered by operating cash flow (1164.1%).
Interest Coverage: 603173 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/22 11:33 |
| End of Day Share Price | 2025/01/22 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Hangzhou Fortune Gas Cryogenic Group Co., Ltd. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kang Shi | Industrial Securities Co. Ltd. |