Shaanxi Provincial Natural GasLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shaanxi Provincial Natural GasLtd has a total shareholder equity of CN¥7.4B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 41.8%. Its total assets and total liabilities are CN¥12.9B and CN¥5.5B respectively. Shaanxi Provincial Natural GasLtd's EBIT is CN¥779.3M making its interest coverage ratio 31.4. It has cash and short-term investments of CN¥1.0B.
Key information
41.8%
Debt to equity ratio
CN¥3.08b
Debt
Interest coverage ratio | 31.4x |
Cash | CN¥1.03b |
Equity | CN¥7.38b |
Total liabilities | CN¥5.55b |
Total assets | CN¥12.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002267's short term assets (CN¥1.6B) do not cover its short term liabilities (CN¥4.3B).
Long Term Liabilities: 002267's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 002267's net debt to equity ratio (27.8%) is considered satisfactory.
Reducing Debt: 002267's debt to equity ratio has reduced from 52.4% to 41.8% over the past 5 years.
Debt Coverage: 002267's debt is well covered by operating cash flow (28.9%).
Interest Coverage: 002267's interest payments on its debt are well covered by EBIT (31.4x coverage).