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¥33.8B and total debt of CN¥33.3B, which brings its debt-to-equity ratio to 98.7%. Its total assets and total liabilities are CN¥147.1B and CN¥113.3B respectively. Shandong Hi-Speed Road&Bridge Group's EBIT is CN¥4.1B making its interest coverage ratio 8.1. It has cash and short-term investments of CN¥9.3B.
Key information
98.7%
Debt to equity ratio
CN¥33.34b
Debt
| Interest coverage ratio | 8.1x |
| Cash | CN¥9.26b |
| Equity | CN¥33.77b |
| Total liabilities | CN¥113.31b |
| Total assets | CN¥147.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000498's short term assets (CN¥107.2B) exceed its short term liabilities (CN¥90.7B).
Long Term Liabilities: 000498's short term assets (CN¥107.2B) exceed its long term liabilities (CN¥22.6B).
Debt to Equity History and Analysis
Debt Level: 000498's net debt to equity ratio (71.3%) is considered high.
Reducing Debt: 000498's debt to equity ratio has increased from 87.3% to 98.7% 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 (8.1x coverage).