Shandong Xinchao Energy Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Xinchao Energy has a total shareholder equity of CN¥19.3B and total debt of CN¥8.0B, which brings its debt-to-equity ratio to 41.8%. Its total assets and total liabilities are CN¥34.6B and CN¥15.4B respectively. Shandong Xinchao Energy's EBIT is CN¥4.0B making its interest coverage ratio 9.6. It has cash and short-term investments of CN¥2.7B.
Key information
41.8%
Debt to equity ratio
CN¥8.05b
Debt
Interest coverage ratio | 9.6x |
Cash | CN¥2.70b |
Equity | CN¥19.27b |
Total liabilities | CN¥15.35b |
Total assets | CN¥34.62b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600777's short term assets (CN¥4.7B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 600777's short term assets (CN¥4.7B) do not cover its long term liabilities (CN¥12.2B).
Debt to Equity History and Analysis
Debt Level: 600777's net debt to equity ratio (27.8%) is considered satisfactory.
Reducing Debt: 600777's debt to equity ratio has increased from 39.9% to 41.8% over the past 5 years.
Debt Coverage: 600777's debt is well covered by operating cash flow (88.3%).
Interest Coverage: 600777's interest payments on its debt are well covered by EBIT (9.6x coverage).