Xinjiang East Universe GasLtd Balance Sheet Health
Financial Health criteria checks 5/6
Xinjiang East Universe GasLtd has a total shareholder equity of CN¥1.8B and total debt of CN¥178.7M, which brings its debt-to-equity ratio to 10.1%. Its total assets and total liabilities are CN¥2.9B and CN¥1.2B respectively. Xinjiang East Universe GasLtd's EBIT is CN¥257.8M making its interest coverage ratio -17.3. It has cash and short-term investments of CN¥1.0B.
Key information
10.1%
Debt to equity ratio
CN¥178.67m
Debt
Interest coverage ratio | -17.3x |
Cash | CN¥1.03b |
Equity | CN¥1.77b |
Total liabilities | CN¥1.15b |
Total assets | CN¥2.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603706's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥968.9M).
Long Term Liabilities: 603706's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥183.0M).
Debt to Equity History and Analysis
Debt Level: 603706 has more cash than its total debt.
Reducing Debt: 603706's debt to equity ratio has increased from 0% to 10.1% over the past 5 years.
Debt Coverage: 603706's debt is well covered by operating cash flow (253.7%).
Interest Coverage: 603706 earns more interest than it pays, so coverage of interest payments is not a concern.