Zhongman Petroleum and Natural Gas GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhongman Petroleum and Natural Gas GroupLtd has a total shareholder equity of CN¥4.1B and total debt of CN¥3.8B, which brings its debt-to-equity ratio to 91%. Its total assets and total liabilities are CN¥10.9B and CN¥6.7B respectively. Zhongman Petroleum and Natural Gas GroupLtd's EBIT is CN¥1.2B making its interest coverage ratio 7.8. It has cash and short-term investments of CN¥2.3B.
Key information
91.0%
Debt to equity ratio
CN¥3.75b
Debt
| Interest coverage ratio | 7.8x |
| Cash | CN¥2.30b |
| Equity | CN¥4.13b |
| Total liabilities | CN¥6.73b |
| Total assets | CN¥10.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603619's short term assets (CN¥4.5B) do not cover its short term liabilities (CN¥4.9B).
Long Term Liabilities: 603619's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 603619's net debt to equity ratio (35.2%) is considered satisfactory.
Reducing Debt: 603619's debt to equity ratio has increased from 51.6% to 91% over the past 5 years.
Debt Coverage: 603619's debt is well covered by operating cash flow (43.6%).
Interest Coverage: 603619's interest payments on its debt are well covered by EBIT (7.8x coverage).