China Railway Hi-tech Industry Balance Sheet Health
Financial Health criteria checks 6/6
China Railway Hi-tech Industry has a total shareholder equity of CN¥26.9B and total debt of CN¥159.7M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are CN¥62.9B and CN¥36.0B respectively. China Railway Hi-tech Industry's EBIT is CN¥1.6B making its interest coverage ratio -11.3. It has cash and short-term investments of CN¥4.9B.
Key information
0.6%
Debt to equity ratio
CN¥159.69m
Debt
| Interest coverage ratio | -11.3x |
| Cash | CN¥4.91b |
| Equity | CN¥26.86b |
| Total liabilities | CN¥36.02b |
| Total assets | CN¥62.88b |
Recent financial health updates
We Think China Railway Hi-tech Industry (SHSE:600528) Is Taking Some Risk With Its Debt
Sep 25
China Railway Hi-tech Industry (SHSE:600528) Has A Somewhat Strained Balance Sheet
May 28Recent updates
China Railway Hi-tech Industry Corporation Limited's (SHSE:600528) Price Is Right But Growth Is Lacking
Nov 06Returns On Capital Signal Tricky Times Ahead For China Railway Hi-tech Industry (SHSE:600528)
Oct 16We Think China Railway Hi-tech Industry (SHSE:600528) Is Taking Some Risk With Its Debt
Sep 25China Railway Hi-tech Industry (SHSE:600528) Is Paying Out Less In Dividends Than Last Year
Aug 19Capital Allocation Trends At China Railway Hi-tech Industry (SHSE:600528) Aren't Ideal
Jun 25China Railway Hi-tech Industry (SHSE:600528) Has A Somewhat Strained Balance Sheet
May 28China Railway Hi-tech Industry (SHSE:600528) Might Be Having Difficulty Using Its Capital Effectively
Mar 22Financial Position Analysis
Short Term Liabilities: 600528's short term assets (CN¥49.8B) exceed its short term liabilities (CN¥35.3B).
Long Term Liabilities: 600528's short term assets (CN¥49.8B) exceed its long term liabilities (CN¥680.0M).
Debt to Equity History and Analysis
Debt Level: 600528 has more cash than its total debt.
Reducing Debt: 600528's debt to equity ratio has reduced from 1.1% to 0.6% over the past 5 years.
Debt Coverage: 600528's debt is well covered by operating cash flow (156.8%).
Interest Coverage: 600528 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 06:23 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
China Railway Hi-tech Industry Corporation Limited is covered by 5 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Huimin Wu | China International Capital Corporation Limited |
| Xuan Wang | China Stock Investment Research Co. Ltd. (GZ500..com) |
| She Bao | Guoyuan Securities Co., Ltd. |