Xinjiang Hongtong Natural Gas Balance Sheet Health
Financial Health criteria checks 5/6
Xinjiang Hongtong Natural Gas has a total shareholder equity of CN¥1.9B and total debt of CN¥244.6M, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are CN¥2.6B and CN¥679.4M respectively. Xinjiang Hongtong Natural Gas's EBIT is CN¥191.8M making its interest coverage ratio -49.9. It has cash and short-term investments of CN¥810.2M.
Key information
13.0%
Debt to equity ratio
CN¥244.56m
Debt
Interest coverage ratio | -49.9x |
Cash | CN¥810.18m |
Equity | CN¥1.88b |
Total liabilities | CN¥679.40m |
Total assets | CN¥2.56b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605169's short term assets (CN¥971.2M) exceed its short term liabilities (CN¥525.5M).
Long Term Liabilities: 605169's short term assets (CN¥971.2M) exceed its long term liabilities (CN¥153.9M).
Debt to Equity History and Analysis
Debt Level: 605169 has more cash than its total debt.
Reducing Debt: 605169's debt to equity ratio has increased from 7.9% to 13% over the past 5 years.
Debt Coverage: 605169's debt is well covered by operating cash flow (110.9%).
Interest Coverage: 605169 earns more interest than it pays, so coverage of interest payments is not a concern.