Huzhou Gas Balance Sheet Health
Financial Health criteria checks 5/6
Huzhou Gas has a total shareholder equity of CN¥1.3B and total debt of CN¥15.0M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are CN¥2.2B and CN¥983.1M respectively. Huzhou Gas's EBIT is CN¥196.3M making its interest coverage ratio -7.4. It has cash and short-term investments of CN¥918.4M.
Key information
1.2%
Debt to equity ratio
CN¥14.95m
Debt
| Interest coverage ratio | -7.4x |
| Cash | CN¥918.42m |
| Equity | CN¥1.25b |
| Total liabilities | CN¥983.13m |
| Total assets | CN¥2.24b |
Financial Position Analysis
Short Term Liabilities: 6661's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥702.8M).
Long Term Liabilities: 6661's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥280.3M).
Debt to Equity History and Analysis
Debt Level: 6661 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 6661's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 6661's debt is well covered by operating cash flow (1746.3%).
Interest Coverage: 6661 earns more interest than it pays, so coverage of interest payments is not a concern.