Shandong Xinchao Energy Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Xinchao Energy has a total shareholder equity of CN¥20.5B and total debt of CN¥7.0B, which brings its debt-to-equity ratio to 34.4%. Its total assets and total liabilities are CN¥34.4B and CN¥13.9B respectively. Shandong Xinchao Energy's EBIT is CN¥3.6B making its interest coverage ratio 11.3. It has cash and short-term investments of CN¥3.2B.
Key information
34.4%
Debt to equity ratio
CN¥7.03b
Debt
Interest coverage ratio | 11.3x |
Cash | CN¥3.19b |
Equity | CN¥20.45b |
Total liabilities | CN¥13.94b |
Total assets | CN¥34.39b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600777's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 600777's short term assets (CN¥4.6B) do not cover its long term liabilities (CN¥11.2B).
Debt to Equity History and Analysis
Debt Level: 600777's net debt to equity ratio (18.8%) is considered satisfactory.
Reducing Debt: 600777's debt to equity ratio has reduced from 51.3% to 34.4% over the past 5 years.
Debt Coverage: 600777's debt is well covered by operating cash flow (103.7%).
Interest Coverage: 600777's interest payments on its debt are well covered by EBIT (11.3x coverage).