Guangdong Huate Gas Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Huate Gas has a total shareholder equity of CN¥1.9B and total debt of CN¥773.4M, which brings its debt-to-equity ratio to 41.4%. Its total assets and total liabilities are CN¥3.2B and CN¥1.3B respectively. Guangdong Huate Gas's EBIT is CN¥222.9M making its interest coverage ratio 13. It has cash and short-term investments of CN¥1.0B.
Key information
41.4%
Debt to equity ratio
CN¥773.37m
Debt
| Interest coverage ratio | 13x |
| Cash | CN¥1.00b |
| Equity | CN¥1.87b |
| Total liabilities | CN¥1.29b |
| Total assets | CN¥3.16b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688268's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥425.4M).
Long Term Liabilities: 688268's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥866.8M).
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 4.5% to 41.4% over the past 5 years.
Debt Coverage: 688268's debt is well covered by operating cash flow (23.4%).
Interest Coverage: 688268's interest payments on its debt are well covered by EBIT (13x coverage).