Shanxi Blue Flame Holding Balance Sheet Health
Financial Health criteria checks 5/6
Shanxi Blue Flame Holding has a total shareholder equity of CN¥5.8B and total debt of CN¥3.7B, which brings its debt-to-equity ratio to 62.5%. Its total assets and total liabilities are CN¥11.3B and CN¥5.4B respectively. Shanxi Blue Flame Holding's EBIT is CN¥676.7M making its interest coverage ratio 7.3. It has cash and short-term investments of CN¥1.6B.
Key information
62.5%
Debt to equity ratio
CN¥3.65b
Debt
Interest coverage ratio | 7.3x |
Cash | CN¥1.56b |
Equity | CN¥5.85b |
Total liabilities | CN¥5.43b |
Total assets | CN¥11.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000968's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 000968's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥3.1B).
Debt to Equity History and Analysis
Debt Level: 000968's net debt to equity ratio (35.9%) is considered satisfactory.
Reducing Debt: 000968's debt to equity ratio has increased from 53.9% to 62.5% over the past 5 years.
Debt Coverage: 000968's debt is well covered by operating cash flow (31.2%).
Interest Coverage: 000968's interest payments on its debt are well covered by EBIT (7.3x coverage).