Top Energy CompanyShanxi Balance Sheet Health
Financial Health criteria checks 6/6
Top Energy CompanyShanxi has a total shareholder equity of CN¥7.4B and total debt of CN¥346.3M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are CN¥10.4B and CN¥3.0B respectively. Top Energy CompanyShanxi's EBIT is CN¥399.1M making its interest coverage ratio -1.5. It has cash and short-term investments of CN¥2.5B.
Key information
4.7%
Debt to equity ratio
CN¥346.31m
Debt
| Interest coverage ratio | -1.5x |
| Cash | CN¥2.46b |
| Equity | CN¥7.38b |
| Total liabilities | CN¥2.98b |
| Total assets | CN¥10.36b |
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¥2.3B).
Long Term Liabilities: 600780's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥636.5M).
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 80.6% to 4.7% over the past 5 years.
Debt Coverage: 600780's debt is well covered by operating cash flow (306.6%).
Interest Coverage: 600780 earns more interest than it pays, so coverage of interest payments is not a concern.