China Railway High-speed Electrification Equipment Balance Sheet Health
Financial Health criteria checks 6/6
China Railway High-speed Electrification Equipment has a total shareholder equity of CN¥1.6B and total debt of CN¥244.2M, which brings its debt-to-equity ratio to 14.9%. 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¥12.0M making its interest coverage ratio -11. It has cash and short-term investments of CN¥478.6M.
Key information
14.9%
Debt to equity ratio
CN¥244.21m
Debt
| Interest coverage ratio | -11x |
| Cash | CN¥478.60m |
| Equity | CN¥1.64b |
| Total liabilities | CN¥1.39b |
| Total assets | CN¥3.03b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688285's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 688285's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥17.8M).
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 reduced from 19.8% to 14.9% over the past 5 years.
Debt Coverage: 688285's debt is well covered by operating cash flow (54%).
Interest Coverage: 688285 earns more interest than it pays, so coverage of interest payments is not a concern.