Hunan Heshun PetroleumLtd Balance Sheet Health
Financial Health criteria checks 6/6
Hunan Heshun PetroleumLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥2.2B and CN¥541.0M respectively. Hunan Heshun PetroleumLtd's EBIT is CN¥84.0M making its interest coverage ratio 8.8. It has cash and short-term investments of CN¥469.2M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | 8.8x |
Cash | CN¥469.20m |
Equity | CN¥1.70b |
Total liabilities | CN¥541.04m |
Total assets | CN¥2.25b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603353's short term assets (CN¥922.5M) exceed its short term liabilities (CN¥298.9M).
Long Term Liabilities: 603353's short term assets (CN¥922.5M) exceed its long term liabilities (CN¥242.1M).
Debt to Equity History and Analysis
Debt Level: 603353 is debt free.
Reducing Debt: 603353 has no debt compared to 5 years ago when its debt to equity ratio was 26.9%.
Debt Coverage: 603353 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 603353 has no debt, therefore coverage of interest payments is not a concern.