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¥34.6B and total debt of CN¥35.9B, which brings its debt-to-equity ratio to 103.8%. Its total assets and total liabilities are CN¥152.0B and CN¥117.4B respectively. Shandong Hi-Speed Road&Bridge Group's EBIT is CN¥4.3B making its interest coverage ratio 7.1. It has cash and short-term investments of CN¥7.3B.
Key information
103.8%
Debt to equity ratio
CN¥35.90b
Debt
| Interest coverage ratio | 7.1x |
| Cash | CN¥7.25b |
| Equity | CN¥34.57b |
| Total liabilities | CN¥117.41b |
| Total assets | CN¥151.98b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000498's short term assets (CN¥109.5B) exceed its short term liabilities (CN¥92.8B).
Long Term Liabilities: 000498's short term assets (CN¥109.5B) exceed its long term liabilities (CN¥24.6B).
Debt to Equity History and Analysis
Debt Level: 000498's net debt to equity ratio (82.9%) is considered high.
Reducing Debt: 000498's debt to equity ratio has increased from 88.7% to 103.8% 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 (7.1x coverage).