Zhongtong Bus HoldingLTD Balance Sheet Health
Financial Health criteria checks 6/6
Zhongtong Bus HoldingLTD has a total shareholder equity of CN¥2.8B and total debt of CN¥502.9M, which brings its debt-to-equity ratio to 18.2%. Its total assets and total liabilities are CN¥8.9B and CN¥6.1B respectively. Zhongtong Bus HoldingLTD's EBIT is CN¥82.8M making its interest coverage ratio 5.8. It has cash and short-term investments of CN¥2.3B.
Key information
18.2%
Debt to equity ratio
CN¥502.87m
Debt
Interest coverage ratio | 5.8x |
Cash | CN¥2.34b |
Equity | CN¥2.77b |
Total liabilities | CN¥6.12b |
Total assets | CN¥8.89b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000957's short term assets (CN¥7.0B) exceed its short term liabilities (CN¥5.7B).
Long Term Liabilities: 000957's short term assets (CN¥7.0B) exceed its long term liabilities (CN¥454.2M).
Debt to Equity History and Analysis
Debt Level: 000957 has more cash than its total debt.
Reducing Debt: 000957's debt to equity ratio has reduced from 98.2% to 18.2% over the past 5 years.
Debt Coverage: 000957's debt is well covered by operating cash flow (222%).
Interest Coverage: 000957's interest payments on its debt are well covered by EBIT (5.8x coverage).