Anhui Province Natural Gas DevelopmentCo.Ltd Balance Sheet Health
Financial Health criteria checks 3/6
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 73.1%. Its total assets and total liabilities are CN¥7.2B and CN¥3.5B respectively. Anhui Province Natural Gas DevelopmentCo.Ltd's EBIT is CN¥453.1M making its interest coverage ratio -13.8. It has cash and short-term investments of CN¥1.2B.
Key information
73.1%
Debt to equity ratio
CN¥2.69b
Debt
Interest coverage ratio | -13.8x |
Cash | CN¥1.23b |
Equity | CN¥3.68b |
Total liabilities | CN¥3.49b |
Total assets | CN¥7.17b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603689's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥989.8M).
Long Term Liabilities: 603689's short term assets (CN¥1.6B) do not cover its long term liabilities (CN¥2.5B).
Debt to Equity History and Analysis
Debt Level: 603689's net debt to equity ratio (39.7%) is considered satisfactory.
Reducing Debt: 603689's debt to equity ratio has increased from 19.7% to 73.1% over the past 5 years.
Debt Coverage: 603689's debt is not well covered by operating cash flow (19.4%).
Interest Coverage: 603689 earns more interest than it pays, so coverage of interest payments is not a concern.