Shandong Xinchao Energy Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Xinchao Energy has a total shareholder equity of CN¥21.1B and total debt of CN¥7.1B, which brings its debt-to-equity ratio to 33.4%. Its total assets and total liabilities are CN¥35.4B and CN¥14.3B respectively. Shandong Xinchao Energy's EBIT is CN¥3.6B making its interest coverage ratio 12.5. It has cash and short-term investments of CN¥4.1B.
Key information
33.4%
Debt to equity ratio
CN¥7.07b
Debt
| Interest coverage ratio | 12.5x |
| Cash | CN¥4.05b |
| Equity | CN¥21.15b |
| Total liabilities | CN¥14.29b |
| Total assets | CN¥35.43b |
Recent financial health updates
Recent updates
Improved Earnings Required Before Shandong Xinchao Energy Corporation Limited (SHSE:600777) Shares Find Their Feet
Sep 26
Returns On Capital Are Showing Encouraging Signs At Shandong Xinchao Energy (SHSE:600777)
Aug 15Is Shandong Xinchao Energy (SHSE:600777) Using Too Much Debt?
Jun 28Take Care Before Jumping Onto Shandong Xinchao Energy Corporation Limited (SHSE:600777) Even Though It's 34% Cheaper
May 10Shandong Xinchao Energy (SHSE:600777) Is Doing The Right Things To Multiply Its Share Price
Apr 27Financial Position Analysis
Short Term Liabilities: 600777's short term assets (CN¥5.5B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 600777's short term assets (CN¥5.5B) do not cover its long term liabilities (CN¥11.5B).
Debt to Equity History and Analysis
Debt Level: 600777's net debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: 600777's debt to equity ratio has reduced from 54.2% to 33.4% over the past 5 years.
Debt Coverage: 600777's debt is well covered by operating cash flow (105.5%).
Interest Coverage: 600777's interest payments on its debt are well covered by EBIT (12.5x coverage).