Hubei Heyuan GasLtd Balance Sheet Health
Financial Health criteria checks 0/6
Hubei Heyuan GasLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 99.7%. Its total assets and total liabilities are CN¥4.4B and CN¥3.1B respectively. Hubei Heyuan GasLtd's EBIT is CN¥128.3M making its interest coverage ratio 2.9. It has cash and short-term investments of CN¥161.4M.
Key information
99.7%
Debt to equity ratio
CN¥1.33b
Debt
Interest coverage ratio | 2.9x |
Cash | CN¥161.39m |
Equity | CN¥1.33b |
Total liabilities | CN¥3.09b |
Total assets | CN¥4.43b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002971's short term assets (CN¥926.0M) do not cover its short term liabilities (CN¥1.2B).
Long Term Liabilities: 002971's short term assets (CN¥926.0M) do not cover its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 002971's net debt to equity ratio (87.6%) is considered high.
Reducing Debt: 002971's debt to equity ratio has increased from 72.5% to 99.7% over the past 5 years.
Debt Coverage: 002971's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002971's interest payments on its debt are not well covered by EBIT (2.9x coverage).