Shuifa Energas Gas Balance Sheet Health
Financial Health criteria checks 3/6
Shuifa Energas Gas has a total shareholder equity of CN¥2.0B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 77.9%. Its total assets and total liabilities are CN¥4.5B and CN¥2.5B respectively. Shuifa Energas Gas's EBIT is CN¥314.2M making its interest coverage ratio -11.2. It has cash and short-term investments of CN¥712.1M.
Key information
77.9%
Debt to equity ratio
CN¥1.56b
Debt
Interest coverage ratio | -11.2x |
Cash | CN¥712.08m |
Equity | CN¥2.00b |
Total liabilities | CN¥2.51b |
Total assets | CN¥4.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603318's short term assets (CN¥1.3B) do not cover its short term liabilities (CN¥1.9B).
Long Term Liabilities: 603318's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥630.3M).
Debt to Equity History and Analysis
Debt Level: 603318's net debt to equity ratio (42.3%) is considered high.
Reducing Debt: 603318's debt to equity ratio has increased from 55.5% to 77.9% over the past 5 years.
Debt Coverage: 603318's debt is well covered by operating cash flow (24.5%).
Interest Coverage: 603318 earns more interest than it pays, so coverage of interest payments is not a concern.