Shandong Xinchao Energy Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Xinchao Energy has a total shareholder equity of CN¥21.6B and total debt of CN¥5.1B, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are CN¥34.0B and CN¥12.4B respectively. Shandong Xinchao Energy's EBIT is CN¥3.4B making its interest coverage ratio 9.3. It has cash and short-term investments of CN¥3.0B.
Key information
23.9%
Debt to equity ratio
CN¥5.15b
Debt
Interest coverage ratio | 9.3x |
Cash | CN¥3.01b |
Equity | CN¥21.58b |
Total liabilities | CN¥12.38b |
Total assets | CN¥33.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600777's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 600777's short term assets (CN¥4.3B) do not cover its long term liabilities (CN¥9.7B).
Debt to Equity History and Analysis
Debt Level: 600777's net debt to equity ratio (9.9%) is considered satisfactory.
Reducing Debt: 600777's debt to equity ratio has reduced from 52.1% to 23.9% over the past 5 years.
Debt Coverage: 600777's debt is well covered by operating cash flow (151.2%).
Interest Coverage: 600777's interest payments on its debt are well covered by EBIT (9.3x coverage).