Guangdong Huate Gas Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Huate Gas has a total shareholder equity of CN¥2.0B and total debt of CN¥811.7M, which brings its debt-to-equity ratio to 41.5%. Its total assets and total liabilities are CN¥3.2B and CN¥1.3B respectively. Guangdong Huate Gas's EBIT is CN¥223.3M making its interest coverage ratio 12.4. It has cash and short-term investments of CN¥852.7M.
Key information
41.5%
Debt to equity ratio
CN¥811.72m
Debt
| Interest coverage ratio | 12.4x |
| Cash | CN¥852.73m |
| Equity | CN¥1.96b |
| Total liabilities | CN¥1.28b |
| Total assets | CN¥3.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688268's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥398.6M).
Long Term Liabilities: 688268's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥880.7M).
Debt to Equity History and Analysis
Debt Level: 688268 has more cash than its total debt.
Reducing Debt: 688268's debt to equity ratio has increased from 2.5% to 41.5% over the past 5 years.
Debt Coverage: 688268's debt is well covered by operating cash flow (34.9%).
Interest Coverage: 688268's interest payments on its debt are well covered by EBIT (12.4x coverage).