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
Additional Considerations Required While Assessing Chongqing Gas Group's (SHSE:600917) Strong Earnings
Nov 05
Here'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.