Xinjiang Tianfu Energy Balance Sheet Health
Financial Health criteria checks 2/6
Xinjiang Tianfu Energy has a total shareholder equity of CN¥7.7B and total debt of CN¥9.6B, which brings its debt-to-equity ratio to 125.7%. Its total assets and total liabilities are CN¥23.2B and CN¥15.5B respectively. Xinjiang Tianfu Energy's EBIT is CN¥880.3M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥1.4B.
Key information
125.7%
Debt to equity ratio
CN¥9.65b
Debt
| Interest coverage ratio | 2.3x |
| Cash | CN¥1.37b |
| Equity | CN¥7.67b |
| Total liabilities | CN¥15.48b |
| Total assets | CN¥23.16b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600509's short term assets (CN¥5.2B) do not cover its short term liabilities (CN¥7.6B).
Long Term Liabilities: 600509's short term assets (CN¥5.2B) do not cover its long term liabilities (CN¥7.9B).
Debt to Equity History and Analysis
Debt Level: 600509's net debt to equity ratio (107.9%) is considered high.
Reducing Debt: 600509's debt to equity ratio has reduced from 158.6% to 125.7% over the past 5 years.
Debt Coverage: 600509's debt is well covered by operating cash flow (21.8%).
Interest Coverage: 600509's interest payments on its debt are not well covered by EBIT (2.3x coverage).