Jinhong GasLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jinhong GasLtd has a total shareholder equity of CN¥3.5B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 57.2%. Its total assets and total liabilities are CN¥6.8B and CN¥3.3B respectively. Jinhong GasLtd's EBIT is CN¥402.2M making its interest coverage ratio 34.5. It has cash and short-term investments of CN¥1.9B.
Key information
57.2%
Debt to equity ratio
CN¥2.02b
Debt
| Interest coverage ratio | 34.5x |
| Cash | CN¥1.87b |
| Equity | CN¥3.52b |
| Total liabilities | CN¥3.28b |
| Total assets | CN¥6.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688106's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 688106's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 688106's net debt to equity ratio (4.1%) is considered satisfactory.
Reducing Debt: 688106's debt to equity ratio has increased from 23% to 57.2% over the past 5 years.
Debt Coverage: 688106's debt is well covered by operating cash flow (21.6%).
Interest Coverage: 688106's interest payments on its debt are well covered by EBIT (34.5x coverage).