Shenzhen Gas Balance Sheet Health
Financial Health criteria checks 2/6
Shenzhen Gas has a total shareholder equity of CN¥17.7B and total debt of CN¥15.3B, which brings its debt-to-equity ratio to 86.9%. Its total assets and total liabilities are CN¥43.5B and CN¥25.8B respectively. Shenzhen Gas's EBIT is CN¥1.8B making its interest coverage ratio 19.3. It has cash and short-term investments of CN¥4.5B.
Key information
86.9%
Debt to equity ratio
CN¥15.35b
Debt
| Interest coverage ratio | 19.3x |
| Cash | CN¥4.49b |
| Equity | CN¥17.67b |
| Total liabilities | CN¥25.79b |
| Total assets | CN¥43.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601139's short term assets (CN¥12.3B) do not cover its short term liabilities (CN¥19.9B).
Long Term Liabilities: 601139's short term assets (CN¥12.3B) exceed its long term liabilities (CN¥5.9B).
Debt to Equity History and Analysis
Debt Level: 601139's net debt to equity ratio (61.5%) is considered high.
Reducing Debt: 601139's debt to equity ratio has increased from 47.1% to 86.9% over the past 5 years.
Debt Coverage: 601139's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: 601139's interest payments on its debt are well covered by EBIT (19.3x coverage).