Xinjiang Torch Gas Balance Sheet Health
Financial Health criteria checks 5/6
Xinjiang Torch Gas has a total shareholder equity of CN¥1.6B and total debt of CN¥74.8M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are CN¥2.3B and CN¥710.7M respectively. Xinjiang Torch Gas's EBIT is CN¥166.5M making its interest coverage ratio -25.3. It has cash and short-term investments of CN¥211.1M.
Key information
4.7%
Debt to equity ratio
CN¥74.81m
Debt
Interest coverage ratio | -25.3x |
Cash | CN¥211.15m |
Equity | CN¥1.59b |
Total liabilities | CN¥710.72m |
Total assets | CN¥2.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603080's short term assets (CN¥519.3M) do not cover its short term liabilities (CN¥574.3M).
Long Term Liabilities: 603080's short term assets (CN¥519.3M) exceed its long term liabilities (CN¥136.4M).
Debt to Equity History and Analysis
Debt Level: 603080 has more cash than its total debt.
Reducing Debt: 603080's debt to equity ratio has reduced from 16.2% to 4.7% over the past 5 years.
Debt Coverage: 603080's debt is well covered by operating cash flow (531.2%).
Interest Coverage: 603080 earns more interest than it pays, so coverage of interest payments is not a concern.