Zhonghua Gas Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Zhonghua Gas Holdings has a total shareholder equity of CN¥139.2M and total debt of CN¥94.1M, which brings its debt-to-equity ratio to 67.6%. Its total assets and total liabilities are CN¥349.7M and CN¥210.4M respectively. Zhonghua Gas Holdings's EBIT is CN¥26.1M making its interest coverage ratio 25.9. It has cash and short-term investments of CN¥196.6M.
Key information
67.6%
Debt to equity ratio
CN¥94.08m
Debt
| Interest coverage ratio | 25.9x |
| Cash | CN¥196.58m |
| Equity | CN¥139.24m |
| Total liabilities | CN¥210.43m |
| Total assets | CN¥349.67m |
Recent financial health updates
Does Zhonghua Gas Holdings (HKG:8246) Have A Healthy Balance Sheet?
Apr 28
Is Zhonghua Gas Holdings (HKG:8246) Using Too Much Debt?
Apr 29Recent updates
Zhonghua Gas Holdings Limited's (HKG:8246) Shares Climb 33% But Its Business Is Yet to Catch Up
Feb 19Zhonghua Gas Holdings (HKG:8246) Knows How To Allocate Capital Effectively
Sep 14Does Zhonghua Gas Holdings (HKG:8246) Have A Healthy Balance Sheet?
Apr 28It Looks Like Zhonghua Gas Holdings Limited's (HKG:8246) CEO May Expect Their Salary To Be Put Under The Microscope
Jun 16Is Zhonghua Gas Holdings (HKG:8246) Using Too Much Debt?
Apr 29Zhonghua Gas Holdings'(HKG:8246) Share Price Is Down 47% Over The Past Five Years.
Feb 17What Kind Of Investors Own Most Of Zhonghua Gas Holdings Limited (HKG:8246)?
Jan 12
Have Insiders Been Buying Zhonghua Gas Holdings Limited (HKG:8246) Shares This Year?
Dec 08Financial Position Analysis
Short Term Liabilities: 8246's short term assets (CN¥338.6M) exceed its short term liabilities (CN¥210.0M).
Long Term Liabilities: 8246's short term assets (CN¥338.6M) exceed its long term liabilities (CN¥444.0K).
Debt to Equity History and Analysis
Debt Level: 8246 has more cash than its total debt.
Reducing Debt: 8246's debt to equity ratio has increased from 0% to 67.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 8246 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 8246 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 10.1% per year.