Chongqing Gas Group Balance Sheet Health
Financial Health criteria checks 4/6
Chongqing Gas Group has a total shareholder equity of CN¥5.7B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are CN¥10.6B and CN¥4.9B respectively. Chongqing Gas Group's EBIT is CN¥381.2M making its interest coverage ratio -4. It has cash and short-term investments of CN¥1.2B.
Key information
23.2%
Debt to equity ratio
CN¥1.33b
Debt
| Interest coverage ratio | -4x |
| Cash | CN¥1.24b |
| Equity | CN¥5.74b |
| Total liabilities | CN¥4.87b |
| Total assets | CN¥10.61b |
Recent financial health updates
Financial 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¥1.5B).
Debt to Equity History and Analysis
Debt Level: 600917's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: 600917's debt to equity ratio has increased from 6.4% to 23.2% over the past 5 years.
Debt Coverage: 600917's debt is well covered by operating cash flow (38.3%).
Interest Coverage: 600917 earns more interest than it pays, so coverage of interest payments is not a concern.