Xinjiang Torch Gas Balance Sheet Health
Financial Health criteria checks 5/6
Xinjiang Torch Gas has a total shareholder equity of CN¥1.6B and total debt of CN¥35.5M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are CN¥2.2B and CN¥644.9M respectively. Xinjiang Torch Gas's EBIT is CN¥160.8M making its interest coverage ratio -22.8. It has cash and short-term investments of CN¥149.1M.
Key information
2.3%
Debt to equity ratio
CN¥35.54m
Debt
| Interest coverage ratio | -22.8x |
| Cash | CN¥149.10m |
| Equity | CN¥1.57b |
| Total liabilities | CN¥644.88m |
| Total assets | CN¥2.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603080's short term assets (CN¥446.0M) do not cover its short term liabilities (CN¥522.2M).
Long Term Liabilities: 603080's short term assets (CN¥446.0M) exceed its long term liabilities (CN¥122.7M).
Debt to Equity History and Analysis
Debt Level: 603080 has more cash than its total debt.
Reducing Debt: 603080's debt to equity ratio has reduced from 14.8% to 2.3% over the past 5 years.
Debt Coverage: 603080's debt is well covered by operating cash flow (983.3%).
Interest Coverage: 603080 earns more interest than it pays, so coverage of interest payments is not a concern.