Zhongman Petroleum and Natural Gas GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhongman Petroleum and Natural Gas GroupLtd has a total shareholder equity of CN¥4.1B and total debt of CN¥3.8B, which brings its debt-to-equity ratio to 91%. Its total assets and total liabilities are CN¥10.9B and CN¥6.7B respectively. Zhongman Petroleum and Natural Gas GroupLtd's EBIT is CN¥1.2B making its interest coverage ratio 7.8. It has cash and short-term investments of CN¥2.3B.
Key information
91.0%
Debt to equity ratio
CN¥3.75b
Debt
| Interest coverage ratio | 7.8x |
| Cash | CN¥2.30b |
| Equity | CN¥4.13b |
| Total liabilities | CN¥6.73b |
| Total assets | CN¥10.85b |
Recent financial health updates
Recent updates
Zhongman Petroleum and Natural Gas GroupLtd's (SHSE:603619) Earnings Are Of Questionable Quality
Sep 05
Market Still Lacking Some Conviction On Zhongman Petroleum and Natural Gas Group Corp.,Ltd. (SHSE:603619)
Aug 08Zhongman Petroleum and Natural Gas GroupLtd (SHSE:603619) Takes On Some Risk With Its Use Of Debt
Jun 26With EPS Growth And More, Zhongman Petroleum and Natural Gas GroupLtd (SHSE:603619) Makes An Interesting Case
May 27Under The Bonnet, Zhongman Petroleum and Natural Gas GroupLtd's (SHSE:603619) Returns Look Impressive
Apr 18Zhongman Petroleum and Natural Gas Group Corp.,Ltd. (SHSE:603619) Shares Fly 33% But Investors Aren't Buying For Growth
Mar 30Financial Position Analysis
Short Term Liabilities: 603619's short term assets (CN¥4.5B) do not cover its short term liabilities (CN¥4.9B).
Long Term Liabilities: 603619's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 603619's net debt to equity ratio (35.2%) is considered satisfactory.
Reducing Debt: 603619's debt to equity ratio has increased from 51.6% to 91% over the past 5 years.
Debt Coverage: 603619's debt is well covered by operating cash flow (43.6%).
Interest Coverage: 603619's interest payments on its debt are well covered by EBIT (7.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 03:49 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Zhongman Petroleum and Natural Gas Group Corp.,Ltd. is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Qiang Wang | China Merchants Securities Co. Ltd. |
| Nai Di Zhao | Everbright Securities Co. Ltd. |
| Lin Yang | Guosen Securities Co., Ltd. |