Top Energy CompanyShanxi Balance Sheet Health
Financial Health criteria checks 6/6
Top Energy CompanyShanxi has a total shareholder equity of CN¥7.5B and total debt of CN¥425.6M, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are CN¥10.2B and CN¥2.7B respectively. Top Energy CompanyShanxi's EBIT is CN¥463.2M making its interest coverage ratio -1.6. It has cash and short-term investments of CN¥2.3B.
Key information
5.7%
Debt to equity ratio
CN¥425.61m
Debt
| Interest coverage ratio | -1.6x |
| Cash | CN¥2.27b |
| Equity | CN¥7.46b |
| Total liabilities | CN¥2.69b |
| Total assets | CN¥10.15b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600780's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 600780's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥649.3M).
Debt to Equity History and Analysis
Debt Level: 600780 has more cash than its total debt.
Reducing Debt: 600780's debt to equity ratio has reduced from 84.6% to 5.7% over the past 5 years.
Debt Coverage: 600780's debt is well covered by operating cash flow (173.5%).
Interest Coverage: 600780 earns more interest than it pays, so coverage of interest payments is not a concern.