Longjian Road&BridgeLtd Balance Sheet Health
Financial Health criteria checks 3/6
Longjian Road&BridgeLtd has a total shareholder equity of CN¥5.5B and total debt of CN¥15.0B, which brings its debt-to-equity ratio to 272.6%. Its total assets and total liabilities are CN¥34.7B and CN¥29.1B respectively. Longjian Road&BridgeLtd's EBIT is CN¥851.0M making its interest coverage ratio -371.3. It has cash and short-term investments of CN¥3.6B.
Key information
272.6%
Debt to equity ratio
CN¥15.04b
Debt
Interest coverage ratio | -371.3x |
Cash | CN¥3.57b |
Equity | CN¥5.52b |
Total liabilities | CN¥29.14b |
Total assets | CN¥34.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600853's short term assets (CN¥18.8B) do not cover its short term liabilities (CN¥20.6B).
Long Term Liabilities: 600853's short term assets (CN¥18.8B) exceed its long term liabilities (CN¥8.6B).
Debt to Equity History and Analysis
Debt Level: 600853's net debt to equity ratio (207.8%) is considered high.
Reducing Debt: 600853's debt to equity ratio has reduced from 378.8% to 272.6% over the past 5 years.
Debt Coverage: 600853's debt is not well covered by operating cash flow (1.2%).
Interest Coverage: 600853 earns more interest than it pays, so coverage of interest payments is not a concern.