Shandong Xinchao Energy Corporation Limited

XSSC:600777 Stock Report

Market Cap: CN¥14.6b

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 ratio9.3x
CashCN¥3.01b
EquityCN¥21.58b
Total liabilitiesCN¥12.38b
Total assetsCN¥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).


Balance Sheet


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