Guizhou Gas Group Balance Sheet Health
Financial Health criteria checks 1/6
Guizhou Gas Group has a total shareholder equity of CN¥4.0B and total debt of CN¥5.0B, which brings its debt-to-equity ratio to 123.7%. Its total assets and total liabilities are CN¥10.8B and CN¥6.7B respectively. Guizhou Gas Group's EBIT is CN¥426.6M making its interest coverage ratio -20.6. It has cash and short-term investments of CN¥725.5M.
Key information
123.7%
Debt to equity ratio
CN¥5.00b
Debt
Interest coverage ratio | -20.6x |
Cash | CN¥725.53m |
Equity | CN¥4.04b |
Total liabilities | CN¥6.73b |
Total assets | CN¥10.77b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600903's short term assets (CN¥2.4B) do not cover its short term liabilities (CN¥4.3B).
Long Term Liabilities: 600903's short term assets (CN¥2.4B) do not cover its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 600903's net debt to equity ratio (105.8%) is considered high.
Reducing Debt: 600903's debt to equity ratio has increased from 118% to 123.7% over the past 5 years.
Debt Coverage: 600903's debt is not well covered by operating cash flow (17.8%).
Interest Coverage: 600903 earns more interest than it pays, so coverage of interest payments is not a concern.