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Guangdong Huatie Tongda High-speed Railway Equipment Balance Sheet Health
Financial Health criteria checks 2/6
Guangdong Huatie Tongda High-speed Railway Equipment has a total shareholder equity of CN¥3.2B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 73.6%. Its total assets and total liabilities are CN¥6.0B and CN¥2.8B respectively.
Key information
73.6%
Debt to equity ratio
CN¥2.35b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥142.52m |
| Equity | CN¥3.19b |
| Total liabilities | CN¥2.79b |
| Total assets | CN¥5.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000976's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 000976's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 000976's net debt to equity ratio (69.1%) is considered high.
Reducing Debt: 000976's debt to equity ratio has increased from 5.8% to 73.6% over the past 5 years.
Debt Coverage: 000976's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 000976's interest payments on its debt are well covered by EBIT.