China Railway High-speed Electrification Equipment Balance Sheet Health
Financial Health criteria checks 5/6
China Railway High-speed Electrification Equipment has a total shareholder equity of CN¥1.6B and total debt of CN¥210.1M, which brings its debt-to-equity ratio to 12.9%. Its total assets and total liabilities are CN¥3.0B and CN¥1.4B respectively. China Railway High-speed Electrification Equipment's EBIT is CN¥41.7M making its interest coverage ratio -51. It has cash and short-term investments of CN¥517.0M.
Key information
12.9%
Debt to equity ratio
CN¥210.14m
Debt
Interest coverage ratio | -51x |
Cash | CN¥516.96m |
Equity | CN¥1.63b |
Total liabilities | CN¥1.41b |
Total assets | CN¥3.04b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688285's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 688285's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥18.4M).
Debt to Equity History and Analysis
Debt Level: 688285 has more cash than its total debt.
Reducing Debt: 688285's debt to equity ratio has increased from 9.5% to 12.9% over the past 5 years.
Debt Coverage: 688285's debt is well covered by operating cash flow (48.4%).
Interest Coverage: 688285 earns more interest than it pays, so coverage of interest payments is not a concern.