Shenzhen Gas Balance Sheet Health
Financial Health criteria checks 3/6
Shenzhen Gas has a total shareholder equity of CN¥18.0B and total debt of CN¥16.6B, which brings its debt-to-equity ratio to 91.9%. Its total assets and total liabilities are CN¥44.7B and CN¥26.7B respectively. Shenzhen Gas's EBIT is CN¥1.8B making its interest coverage ratio 16.6. It has cash and short-term investments of CN¥5.7B.
Key information
91.9%
Debt to equity ratio
CN¥16.55b
Debt
| Interest coverage ratio | 16.6x |
| Cash | CN¥5.70b |
| Equity | CN¥18.01b |
| Total liabilities | CN¥26.65b |
| Total assets | CN¥44.67b |
Recent financial health updates
Here's Why Shenzhen Gas (SHSE:601139) Has A Meaningful Debt Burden
Sep 30
Does Shenzhen Gas (SHSE:601139) Have A Healthy Balance Sheet?
Jun 12Recent updates
Shenzhen Gas Corporation Ltd. (SHSE:601139) Shares Could Be 35% Below Their Intrinsic Value Estimate
Dec 22Shenzhen Gas Corporation Ltd.'s (SHSE:601139) Prospects Need A Boost To Lift Shares
Nov 15Here's Why Shenzhen Gas (SHSE:601139) Has A Meaningful Debt Burden
Sep 30Calculating The Intrinsic Value Of Shenzhen Gas Corporation Ltd. (SHSE:601139)
Sep 09Shenzhen Gas Corporation Ltd.'s (SHSE:601139) Share Price Is Matching Sentiment Around Its Earnings
Jul 30Shenzhen Gas (SHSE:601139) Will Pay A Larger Dividend Than Last Year At CN¥0.16
Jun 14Does Shenzhen Gas (SHSE:601139) Have A Healthy Balance Sheet?
Jun 12Returns On Capital At Shenzhen Gas (SHSE:601139) Have Stalled
May 22Investors Aren't Entirely Convinced By Shenzhen Gas Corporation Ltd.'s (SHSE:601139) Earnings
Apr 12Financial Position Analysis
Short Term Liabilities: 601139's short term assets (CN¥13.4B) do not cover its short term liabilities (CN¥20.7B).
Long Term Liabilities: 601139's short term assets (CN¥13.4B) exceed its long term liabilities (CN¥6.0B).
Debt to Equity History and Analysis
Debt Level: 601139's net debt to equity ratio (60.2%) is considered high.
Reducing Debt: 601139's debt to equity ratio has increased from 44.1% to 91.9% over the past 5 years.
Debt Coverage: 601139's debt is well covered by operating cash flow (21%).
Interest Coverage: 601139's interest payments on its debt are well covered by EBIT (16.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 16:47 |
| End of Day Share Price | 2024/12/20 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shenzhen Gas Corporation Ltd. is covered by 21 analysts. 8 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 |
|---|---|
| Cissy Guan | BofA Global Research |
| Ying Deng | Changjiang Securities Co. LTD. |
| Shuai He | China International Capital Corporation Limited |