Jinhong GasLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jinhong GasLtd has a total shareholder equity of CN¥3.4B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 68.3%. Its total assets and total liabilities are CN¥6.9B and CN¥3.5B respectively. Jinhong GasLtd's EBIT is CN¥321.0M making its interest coverage ratio 15.4. It has cash and short-term investments of CN¥1.5B.
Key information
68.3%
Debt to equity ratio
CN¥2.32b
Debt
| Interest coverage ratio | 15.4x |
| Cash | CN¥1.47b |
| Equity | CN¥3.39b |
| Total liabilities | CN¥3.53b |
| Total assets | CN¥6.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688106's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 688106's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 688106's net debt to equity ratio (25.1%) is considered satisfactory.
Reducing Debt: 688106's debt to equity ratio has increased from 13.3% to 68.3% over the past 5 years.
Debt Coverage: 688106's debt is well covered by operating cash flow (20.5%).
Interest Coverage: 688106's interest payments on its debt are well covered by EBIT (15.4x coverage).