Liaoning Cheng Da Balance Sheet Health
Financial Health criteria checks 5/6
Liaoning Cheng Da has a total shareholder equity of CN¥32.0B and total debt of CN¥14.3B, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are CN¥47.6B and CN¥15.6B respectively. Liaoning Cheng Da's EBIT is CN¥89.7M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥6.5B.
Key information
44.8%
Debt to equity ratio
CN¥14.32b
Debt
| Interest coverage ratio | -0.2x |
| Cash | CN¥6.55b |
| Equity | CN¥31.98b |
| Total liabilities | CN¥15.64b |
| Total assets | CN¥47.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600739's short term assets (CN¥11.5B) exceed its short term liabilities (CN¥10.4B).
Long Term Liabilities: 600739's short term assets (CN¥11.5B) exceed its long term liabilities (CN¥5.2B).
Debt to Equity History and Analysis
Debt Level: 600739's net debt to equity ratio (24.3%) is considered satisfactory.
Reducing Debt: 600739's debt to equity ratio has reduced from 54% to 44.8% over the past 5 years.
Debt Coverage: 600739's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600739 earns more interest than it pays, so coverage of interest payments is not a concern.