JiaXing Gas Group Balance Sheet Health
Financial Health criteria checks 5/6
JiaXing Gas Group has a total shareholder equity of CN¥1.1B and total debt of CN¥189.3M, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are CN¥2.7B and CN¥1.6B respectively. JiaXing Gas Group's EBIT is CN¥150.2M making its interest coverage ratio 56.9. It has cash and short-term investments of CN¥344.5M.
Key information
17.7%
Debt to equity ratio
CN¥189.34m
Debt
| Interest coverage ratio | 56.9x |
| Cash | CN¥344.50m |
| Equity | CN¥1.07b |
| Total liabilities | CN¥1.59b |
| Total assets | CN¥2.65b |
Recent financial health updates
No updates
Recent updates
JiaXing Gas Group Co., Ltd.'s (HKG:9908) CEO Will Probably Find It Hard To See A Huge Raise This Year
May 31
We Think JiaXing Gas Group's (HKG:9908) Healthy Earnings Might Be Conservative
May 03Why JiaXing Gas Group's (HKG:9908) Earnings Are Better Than They Seem
May 02Some Confidence Is Lacking In JiaXing Gas Group Co., Ltd.'s (HKG:9908) P/E
Apr 02Could The JiaXing Gas Group Co., Ltd. (HKG:9908) Ownership Structure Tell Us Something Useful?
Feb 17Read This Before Selling JiaXing Gas Group Co., Ltd. (HKG:9908) Shares
Dec 08Financial Position Analysis
Short Term Liabilities: 9908's short term assets (CN¥883.6M) do not cover its short term liabilities (CN¥944.5M).
Long Term Liabilities: 9908's short term assets (CN¥883.6M) exceed its long term liabilities (CN¥641.8M).
Debt to Equity History and Analysis
Debt Level: 9908 has more cash than its total debt.
Reducing Debt: 9908's debt to equity ratio has reduced from 63% to 17.7% over the past 5 years.
Debt Coverage: 9908's debt is well covered by operating cash flow (120.9%).
Interest Coverage: 9908's interest payments on its debt are well covered by EBIT (56.9x coverage).