Changchun Gas Co.Ltd Balance Sheet Health
Financial Health criteria checks 2/6
Changchun GasLtd has a total shareholder equity of CN¥2.0B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 134%. Its total assets and total liabilities are CN¥6.6B and CN¥4.6B respectively. Changchun GasLtd's EBIT is CN¥41.2M making its interest coverage ratio 0.4. It has cash and short-term investments of CN¥228.8M.
Key information
134.0%
Debt to equity ratio
CN¥2.62b
Debt
| Interest coverage ratio | 0.4x |
| Cash | CN¥228.77m |
| Equity | CN¥1.95b |
| Total liabilities | CN¥4.60b |
| Total assets | CN¥6.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600333's short term assets (CN¥1.3B) do not cover its short term liabilities (CN¥3.0B).
Long Term Liabilities: 600333's short term assets (CN¥1.3B) do not cover its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 600333's net debt to equity ratio (122.3%) is considered high.
Reducing Debt: 600333's debt to equity ratio has increased from 80.6% to 134% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 600333 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 600333 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 45.2% per year.