Henan Lantian GasLtd Balance Sheet Health
Financial Health criteria checks 6/6
Henan Lantian GasLtd has a total shareholder equity of CN¥3.6B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 34.3%. Its total assets and total liabilities are CN¥6.0B and CN¥2.4B respectively. Henan Lantian GasLtd's EBIT is CN¥744.7M making its interest coverage ratio 20.7. It has cash and short-term investments of CN¥983.1M.
Key information
34.3%
Debt to equity ratio
CN¥1.23b
Debt
| Interest coverage ratio | 20.7x |
| Cash | CN¥983.11m |
| Equity | CN¥3.59b |
| Total liabilities | CN¥2.38b |
| Total assets | CN¥5.97b |
Recent financial health updates
Here's Why Henan Lantian GasLtd (SHSE:605368) Can Manage Its Debt Responsibly
Oct 28
Is Henan Lantian GasLtd (SHSE:605368) Using Too Much Debt?
Jul 12Recent updates
Here's Why Henan Lantian GasLtd (SHSE:605368) Can Manage Its Debt Responsibly
Oct 28Be Wary Of Henan Lantian GasLtd (SHSE:605368) And Its Returns On Capital
Sep 11Earnings Working Against Henan Lantian Gas Co.,Ltd.'s (SHSE:605368) Share Price
Aug 14Is Henan Lantian GasLtd (SHSE:605368) Using Too Much Debt?
Jul 12Is Henan Lantian Gas Co.,Ltd. (SHSE:605368) Trading At A 43% Discount?
Mar 04Financial Position Analysis
Short Term Liabilities: 605368's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 605368's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 605368's net debt to equity ratio (6.9%) is considered satisfactory.
Reducing Debt: 605368's debt to equity ratio has reduced from 57.6% to 34.3% over the past 5 years.
Debt Coverage: 605368's debt is well covered by operating cash flow (44.5%).
Interest Coverage: 605368's interest payments on its debt are well covered by EBIT (20.7x coverage).