Henan Lantian GasLtd Balance Sheet Health
Financial Health criteria checks 6/6
Henan Lantian GasLtd has a total shareholder equity of CN¥4.1B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 33.6%. Its total assets and total liabilities are CN¥6.7B and CN¥2.6B respectively. Henan Lantian GasLtd's EBIT is CN¥813.7M making its interest coverage ratio 28.7. It has cash and short-term investments of CN¥1.7B.
Key information
33.6%
Debt to equity ratio
CN¥1.38b
Debt
Interest coverage ratio | 28.7x |
Cash | CN¥1.73b |
Equity | CN¥4.11b |
Total liabilities | CN¥2.59b |
Total assets | CN¥6.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605368's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 605368's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 605368 has more cash than its total debt.
Reducing Debt: 605368's debt to equity ratio has reduced from 61.3% to 33.6% over the past 5 years.
Debt Coverage: 605368's debt is well covered by operating cash flow (47.7%).
Interest Coverage: 605368's interest payments on its debt are well covered by EBIT (28.7x coverage).