Geo-Jade Petroleum Balance Sheet Health
Financial Health criteria checks 5/6
Geo-Jade Petroleum has a total shareholder equity of CN¥8.2B and total debt of CN¥783.2M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are CN¥12.7B and CN¥4.5B respectively. Geo-Jade Petroleum's EBIT is CN¥756.2M making its interest coverage ratio -0.3. It has cash and short-term investments of CN¥949.8M.
Key information
9.5%
Debt to equity ratio
CN¥783.16m
Debt
Interest coverage ratio | -0.3x |
Cash | CN¥949.78m |
Equity | CN¥8.20b |
Total liabilities | CN¥4.51b |
Total assets | CN¥12.72b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600759's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 600759's short term assets (CN¥2.0B) do not cover its long term liabilities (CN¥3.5B).
Debt to Equity History and Analysis
Debt Level: 600759 has more cash than its total debt.
Reducing Debt: 600759's debt to equity ratio has reduced from 106.4% to 9.5% over the past 5 years.
Debt Coverage: 600759's debt is well covered by operating cash flow (62.8%).
Interest Coverage: 600759 earns more interest than it pays, so coverage of interest payments is not a concern.