Changchun Gas Co.Ltd Balance Sheet Health
Financial Health criteria checks 2/6
Changchun GasLtd has a total shareholder equity of CN¥2.0B and total debt of CN¥2.5B, which brings its debt-to-equity ratio to 126.7%. Its total assets and total liabilities are CN¥6.5B and CN¥4.5B respectively. Changchun GasLtd's EBIT is CN¥58.7M making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥221.2M.
Key information
126.7%
Debt to equity ratio
CN¥2.51b
Debt
Interest coverage ratio | 0.6x |
Cash | CN¥221.24m |
Equity | CN¥1.98b |
Total liabilities | CN¥4.47b |
Total assets | CN¥6.45b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600333's short term assets (CN¥1.2B) do not cover its short term liabilities (CN¥2.8B).
Long Term Liabilities: 600333's short term assets (CN¥1.2B) do not cover its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 600333's net debt to equity ratio (115.5%) is considered high.
Reducing Debt: 600333's debt to equity ratio has increased from 90.3% to 126.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 600333 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 600333 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 46.6% per year.