Chongqing Gas Group Balance Sheet Health
Financial Health criteria checks 4/6
Chongqing Gas Group has a total shareholder equity of CN¥5.9B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 17.1%. Its total assets and total liabilities are CN¥10.7B and CN¥4.8B respectively. Chongqing Gas Group's EBIT is CN¥407.1M making its interest coverage ratio -4. It has cash and short-term investments of CN¥1.2B.
Key information
17.1%
Debt to equity ratio
CN¥1.01b
Debt
| Interest coverage ratio | -4x |
| Cash | CN¥1.24b |
| Equity | CN¥5.93b |
| Total liabilities | CN¥4.77b |
| Total assets | CN¥10.70b |
Recent financial health updates
Recent updates
Earnings Working Against Chongqing Gas Group Corporation Ltd.'s (SHSE:600917) Share Price
Dec 19
Additional Considerations Required While Assessing Chongqing Gas Group's (SHSE:600917) Strong Earnings
Nov 05Here's Why Chongqing Gas Group (SHSE:600917) Can Manage Its Debt Responsibly
Aug 21Why Investors Shouldn't Be Surprised By Chongqing Gas Group Corporation Ltd.'s (SHSE:600917) Low P/E
Jun 26Chongqing Gas Group (SHSE:600917) Is Experiencing Growth In Returns On Capital
Apr 04Financial Position Analysis
Short Term Liabilities: 600917's short term assets (CN¥2.8B) do not cover its short term liabilities (CN¥3.4B).
Long Term Liabilities: 600917's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 600917 has more cash than its total debt.
Reducing Debt: 600917's debt to equity ratio has increased from 6.2% to 17.1% over the past 5 years.
Debt Coverage: 600917's debt is well covered by operating cash flow (44.7%).
Interest Coverage: 600917 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 06:37 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Chongqing Gas Group Corporation Ltd. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wei Wang | Everbright Securities Co. Ltd. |
| Joseph C. Lam | Morgan Stanley |