Zhongman Petroleum and Natural Gas GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
Zhongman Petroleum and Natural Gas GroupLtd has a total shareholder equity of CN¥3.0B and total debt of CN¥3.4B, which brings its debt-to-equity ratio to 112%. Its total assets and total liabilities are CN¥9.4B and CN¥6.4B respectively. Zhongman Petroleum and Natural Gas GroupLtd's EBIT is CN¥1.1B making its interest coverage ratio 9.7. It has cash and short-term investments of CN¥1.2B.
Key information
112.0%
Debt to equity ratio
CN¥3.38b
Debt
| Interest coverage ratio | 9.7x |
| Cash | CN¥1.17b |
| Equity | CN¥3.02b |
| Total liabilities | CN¥6.41b |
| Total assets | CN¥9.42b |
Financial Position Analysis
Short Term Liabilities: 603619's short term assets (CN¥3.4B) do not cover its short term liabilities (CN¥4.3B).
Long Term Liabilities: 603619's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 603619's net debt to equity ratio (73.1%) is considered high.
Reducing Debt: 603619's debt to equity ratio has increased from 43% to 112% over the past 5 years.
Debt Coverage: 603619's debt is well covered by operating cash flow (42.1%).
Interest Coverage: 603619's interest payments on its debt are well covered by EBIT (9.7x coverage).