Qingdao Victall Railway Balance Sheet Health
Financial Health criteria checks 3/6
Qingdao Victall Railway has a total shareholder equity of CN¥2.7B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 43.1%. Its total assets and total liabilities are CN¥4.5B and CN¥1.8B respectively. Qingdao Victall Railway's EBIT is CN¥74.5M making its interest coverage ratio 2.6. It has cash and short-term investments of CN¥536.0M.
Key information
43.1%
Debt to equity ratio
CN¥1.18b
Debt
Interest coverage ratio | 2.6x |
Cash | CN¥536.02m |
Equity | CN¥2.74b |
Total liabilities | CN¥1.81b |
Total assets | CN¥4.55b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605001's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 605001's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥402.2M).
Debt to Equity History and Analysis
Debt Level: 605001's net debt to equity ratio (23.5%) is considered satisfactory.
Reducing Debt: 605001's debt to equity ratio has increased from 39.1% to 43.1% over the past 5 years.
Debt Coverage: 605001's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 605001's interest payments on its debt are not well covered by EBIT (2.6x coverage).