Top Energy CompanyShanxi Balance Sheet Health
Financial Health criteria checks 6/6
Top Energy CompanyShanxi has a total shareholder equity of CN¥7.5B and total debt of CN¥405.0M, which brings its debt-to-equity ratio to 5.4%. Its total assets and total liabilities are CN¥10.3B and CN¥2.8B respectively. Top Energy CompanyShanxi's EBIT is CN¥433.3M making its interest coverage ratio -1.8. It has cash and short-term investments of CN¥2.4B.
Key information
5.4%
Debt to equity ratio
CN¥405.01m
Debt
| Interest coverage ratio | -1.8x |
| Cash | CN¥2.43b |
| Equity | CN¥7.52b |
| Total liabilities | CN¥2.78b |
| Total assets | CN¥10.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600780's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 600780's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥658.5M).
Debt to Equity History and Analysis
Debt Level: 600780 has more cash than its total debt.
Reducing Debt: 600780's debt to equity ratio has reduced from 79% to 5.4% over the past 5 years.
Debt Coverage: 600780's debt is well covered by operating cash flow (254.4%).
Interest Coverage: 600780 earns more interest than it pays, so coverage of interest payments is not a concern.