Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Chu Kong Petroleum and Natural Gas Steel Pipe Holdings has a total shareholder equity of CN¥1.1B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 176.2%. Its total assets and total liabilities are CN¥6.4B and CN¥5.3B respectively. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's EBIT is CN¥35.3M making its interest coverage ratio 0.4. It has cash and short-term investments of CN¥260.7M.
Key information
176.2%
Debt to equity ratio
CN¥1.90b
Debt
| Interest coverage ratio | 0.4x |
| Cash | CN¥260.72m |
| Equity | CN¥1.08b |
| Total liabilities | CN¥5.35b |
| Total assets | CN¥6.42b |
Recent financial health updates
Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKG:1938) Has No Shortage Of Debt
Dec 21
These 4 Measures Indicate That Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKG:1938) Is Using Debt In A Risky Way
Sep 11Recent updates
Chu Kong Petroleum and Natural Gas Steel Pipe Holdings' (HKG:1938) Solid Earnings May Rest On Weak Foundations
May 06Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKG:1938) Has No Shortage Of Debt
Dec 21There's Been No Shortage Of Growth Recently For Chu Kong Petroleum and Natural Gas Steel Pipe Holdings' (HKG:1938) Returns On Capital
Oct 19These 4 Measures Indicate That Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKG:1938) Is Using Debt In A Risky Way
Sep 11Investors Will Want Chu Kong Petroleum and Natural Gas Steel Pipe Holdings' (HKG:1938) Growth In ROCE To Persist
Jun 13Returns On Capital Are Showing Encouraging Signs At Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKG:1938)
Feb 20Chu Kong Petroleum and Natural Gas Steel Pipe Holdings' (HKG:1938) Returns On Capital Are Heading Higher
Oct 04Chu Kong Petroleum and Natural Gas Steel Pipe Holdings' (HKG:1938) Shareholders May Want To Dig Deeper Than Statutory Profit
Apr 06If You Had Bought Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKG:1938) Stock A Year Ago, You Could Pocket A 153% Gain Today
Mar 17How Much Did Chu Kong Petroleum and Natural Gas Steel Pipe Holdings' (HKG:1938) CEO Pocket Last Year?
Dec 02Financial Position Analysis
Short Term Liabilities: 1938's short term assets (CN¥3.5B) do not cover its short term liabilities (CN¥4.4B).
Long Term Liabilities: 1938's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥971.0M).
Debt to Equity History and Analysis
Debt Level: 1938's net debt to equity ratio (151.9%) is considered high.
Reducing Debt: 1938's debt to equity ratio has reduced from 2716.4% to 176.2% over the past 5 years.
Debt Coverage: 1938's debt is well covered by operating cash flow (22.7%).
Interest Coverage: 1938's interest payments on its debt are not well covered by EBIT (0.4x coverage).