Xinjiang Xintai Natural Gas Balance Sheet Health
Financial Health criteria checks 5/6
Xinjiang Xintai Natural Gas has a total shareholder equity of CN¥7.5B and total debt of CN¥4.0B, which brings its debt-to-equity ratio to 53.7%. Its total assets and total liabilities are CN¥14.2B and CN¥6.7B respectively. Xinjiang Xintai Natural Gas's EBIT is CN¥1.8B making its interest coverage ratio 44.3. It has cash and short-term investments of CN¥3.3B.
Key information
53.7%
Debt to equity ratio
CN¥4.04b
Debt
Interest coverage ratio | 44.3x |
Cash | CN¥3.31b |
Equity | CN¥7.52b |
Total liabilities | CN¥6.66b |
Total assets | CN¥14.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603393's short term assets (CN¥5.0B) exceed its short term liabilities (CN¥3.0B).
Long Term Liabilities: 603393's short term assets (CN¥5.0B) exceed its long term liabilities (CN¥3.7B).
Debt to Equity History and Analysis
Debt Level: 603393's net debt to equity ratio (9.7%) is considered satisfactory.
Reducing Debt: 603393's debt to equity ratio has increased from 31.9% to 53.7% over the past 5 years.
Debt Coverage: 603393's debt is well covered by operating cash flow (50%).
Interest Coverage: 603393's interest payments on its debt are well covered by EBIT (44.3x coverage).