Shandong Hi-Speed Road&Bridge Group Balance Sheet Health
Financial Health criteria checks 3/6
Shandong Hi-Speed Road&Bridge Group has a total shareholder equity of CN¥32.8B and total debt of CN¥30.7B, which brings its debt-to-equity ratio to 93.8%. Its total assets and total liabilities are CN¥136.6B and CN¥103.8B respectively. Shandong Hi-Speed Road&Bridge Group's EBIT is CN¥4.4B making its interest coverage ratio 7. It has cash and short-term investments of CN¥7.8B.
Key information
93.8%
Debt to equity ratio
CN¥30.72b
Debt
Interest coverage ratio | 7x |
Cash | CN¥7.77b |
Equity | CN¥32.77b |
Total liabilities | CN¥103.84b |
Total assets | CN¥136.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000498's short term assets (CN¥96.5B) exceed its short term liabilities (CN¥82.8B).
Long Term Liabilities: 000498's short term assets (CN¥96.5B) exceed its long term liabilities (CN¥21.1B).
Debt to Equity History and Analysis
Debt Level: 000498's net debt to equity ratio (70%) is considered high.
Reducing Debt: 000498's debt to equity ratio has increased from 66.3% to 93.8% over the past 5 years.
Debt Coverage: 000498's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000498's interest payments on its debt are well covered by EBIT (7x coverage).