Xinjiang Hongtong Natural Gas Balance Sheet Health
Financial Health criteria checks 5/6
Xinjiang Hongtong Natural Gas has a total shareholder equity of CN¥1.8B and total debt of CN¥277.9M, which brings its debt-to-equity ratio to 15.1%. Its total assets and total liabilities are CN¥2.5B and CN¥662.3M respectively. Xinjiang Hongtong Natural Gas's EBIT is CN¥144.8M making its interest coverage ratio -37.6. It has cash and short-term investments of CN¥744.3M.
Key information
15.1%
Debt to equity ratio
CN¥277.92m
Debt
| Interest coverage ratio | -37.6x |
| Cash | CN¥744.32m |
| Equity | CN¥1.84b |
| Total liabilities | CN¥662.31m |
| Total assets | CN¥2.50b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605169's short term assets (CN¥947.6M) exceed its short term liabilities (CN¥486.5M).
Long Term Liabilities: 605169's short term assets (CN¥947.6M) exceed its long term liabilities (CN¥175.8M).
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 8.4% to 15.1% over the past 5 years.
Debt Coverage: 605169's debt is well covered by operating cash flow (73%).
Interest Coverage: 605169 earns more interest than it pays, so coverage of interest payments is not a concern.