Longjian Road&BridgeLtd Balance Sheet Health
Financial Health criteria checks 3/6
Longjian Road&BridgeLtd has a total shareholder equity of CN¥6.2B and total debt of CN¥14.9B, which brings its debt-to-equity ratio to 238.6%. Its total assets and total liabilities are CN¥35.9B and CN¥29.6B respectively. Longjian Road&BridgeLtd's EBIT is CN¥811.8M making its interest coverage ratio 3.1. It has cash and short-term investments of CN¥3.8B.
Key information
238.6%
Debt to equity ratio
CN¥14.91b
Debt
| Interest coverage ratio | 3.1x |
| Cash | CN¥3.81b |
| Equity | CN¥6.25b |
| Total liabilities | CN¥29.63b |
| Total assets | CN¥35.87b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600853's short term assets (CN¥19.9B) do not cover its short term liabilities (CN¥20.7B).
Long Term Liabilities: 600853's short term assets (CN¥19.9B) exceed its long term liabilities (CN¥8.9B).
Debt to Equity History and Analysis
Debt Level: 600853's net debt to equity ratio (177.6%) is considered high.
Reducing Debt: 600853's debt to equity ratio has reduced from 389.9% to 238.6% over the past 5 years.
Debt Coverage: 600853's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: 600853's interest payments on its debt are well covered by EBIT (3.1x coverage).