Shenzhen Gas Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Gas has a total shareholder equity of CN¥17.6B and total debt of CN¥9.0B, which brings its debt-to-equity ratio to 51.2%. Its total assets and total liabilities are CN¥45.7B and CN¥28.1B respectively. Shenzhen Gas's EBIT is CN¥1.9B making its interest coverage ratio 19.9. It has cash and short-term investments of CN¥6.2B.
Key information
51.2%
Debt to equity ratio
CN¥9.02b
Debt
Interest coverage ratio | 19.9x |
Cash | CN¥6.17b |
Equity | CN¥17.61b |
Total liabilities | CN¥28.09b |
Total assets | CN¥45.70b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601139's short term assets (CN¥14.5B) do not cover its short term liabilities (CN¥21.9B).
Long Term Liabilities: 601139's short term assets (CN¥14.5B) exceed its long term liabilities (CN¥6.2B).
Debt to Equity History and Analysis
Debt Level: 601139's net debt to equity ratio (16.2%) is considered satisfactory.
Reducing Debt: 601139's debt to equity ratio has reduced from 58.4% to 51.2% over the past 5 years.
Debt Coverage: 601139's debt is well covered by operating cash flow (27.2%).
Interest Coverage: 601139's interest payments on its debt are well covered by EBIT (19.9x coverage).