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¥26.3B and total debt of CN¥197.7M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are CN¥58.6B and CN¥32.3B respectively. China Railway Hi-tech Industry's EBIT is CN¥1.8B making its interest coverage ratio -21.3. It has cash and short-term investments of CN¥5.2B.
Key information
0.8%
Debt to equity ratio
CN¥197.69m
Debt
Interest coverage ratio | -21.3x |
Cash | CN¥5.22b |
Equity | CN¥26.33b |
Total liabilities | CN¥32.25b |
Total assets | CN¥58.58b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600528's short term assets (CN¥45.5B) exceed its short term liabilities (CN¥31.5B).
Long Term Liabilities: 600528's short term assets (CN¥45.5B) exceed its long term liabilities (CN¥709.4M).
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 1.5% to 0.8% over the past 5 years.
Debt Coverage: 600528's debt is well covered by operating cash flow (337.5%).
Interest Coverage: 600528 earns more interest than it pays, so coverage of interest payments is not a concern.