Kingfore Energy Group Balance Sheet Health
Financial Health criteria checks 6/6
Kingfore Energy Group has a total shareholder equity of CN¥1.3B and total debt of CN¥18.7M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are CN¥1.7B and CN¥384.4M respectively. Kingfore Energy Group's EBIT is CN¥72.5M making its interest coverage ratio -4.2. It has cash and short-term investments of CN¥675.3M.
Key information
1.4%
Debt to equity ratio
CN¥18.67m
Debt
| Interest coverage ratio | -4.2x |
| Cash | CN¥675.29m |
| Equity | CN¥1.33b |
| Total liabilities | CN¥384.37m |
| Total assets | CN¥1.72b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 001210's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥259.9M).
Long Term Liabilities: 001210's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥124.4M).
Debt to Equity History and Analysis
Debt Level: 001210 has more cash than its total debt.
Reducing Debt: 001210's debt to equity ratio has reduced from 26.6% to 1.4% over the past 5 years.
Debt Coverage: 001210's debt is well covered by operating cash flow (624.4%).
Interest Coverage: 001210 earns more interest than it pays, so coverage of interest payments is not a concern.