Shaanxi Energy Investment Balance Sheet Health
Financial Health criteria checks 3/6
Shaanxi Energy Investment has a total shareholder equity of CN¥30.4B and total debt of CN¥24.2B, which brings its debt-to-equity ratio to 79.6%. Its total assets and total liabilities are CN¥65.0B and CN¥34.5B respectively. Shaanxi Energy Investment's EBIT is CN¥5.6B making its interest coverage ratio 7.9. It has cash and short-term investments of CN¥6.7B.
Key information
79.6%
Debt to equity ratio
CN¥24.20b
Debt
Interest coverage ratio | 7.9x |
Cash | CN¥6.69b |
Equity | CN¥30.41b |
Total liabilities | CN¥34.55b |
Total assets | CN¥64.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 001286's short term assets (CN¥9.8B) do not cover its short term liabilities (CN¥13.3B).
Long Term Liabilities: 001286's short term assets (CN¥9.8B) do not cover its long term liabilities (CN¥21.3B).
Debt to Equity History and Analysis
Debt Level: 001286's net debt to equity ratio (57.6%) is considered high.
Reducing Debt: 001286's debt to equity ratio has reduced from 101.4% to 79.6% over the past 5 years.
Debt Coverage: 001286's debt is well covered by operating cash flow (29.4%).
Interest Coverage: 001286's interest payments on its debt are well covered by EBIT (7.9x coverage).