Anhui Province Natural Gas DevelopmentCo.Ltd Balance Sheet Health
Financial Health criteria checks 2/6
Anhui Province Natural Gas DevelopmentCo.Ltd has a total shareholder equity of CN¥3.7B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 73.7%. Its total assets and total liabilities are CN¥7.3B and CN¥3.6B respectively. Anhui Province Natural Gas DevelopmentCo.Ltd's EBIT is CN¥420.2M making its interest coverage ratio -29.5. It has cash and short-term investments of CN¥1.1B.
Key information
73.7%
Debt to equity ratio
CN¥2.74b
Debt
| Interest coverage ratio | -29.5x |
| Cash | CN¥1.06b |
| Equity | CN¥3.72b |
| Total liabilities | CN¥3.57b |
| Total assets | CN¥7.29b |
Financial Position Analysis
Short Term Liabilities: 603689's short term assets (CN¥1.4B) do not cover its short term liabilities (CN¥1.6B).
Long Term Liabilities: 603689's short term assets (CN¥1.4B) do not cover its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 603689's net debt to equity ratio (45.3%) is considered high.
Reducing Debt: 603689's debt to equity ratio has increased from 21.8% to 73.7% over the past 5 years.
Debt Coverage: 603689's debt is well covered by operating cash flow (23.1%).
Interest Coverage: 603689 earns more interest than it pays, so coverage of interest payments is not a concern.