Hainan Airport Infrastructure Balance Sheet Health
Financial Health criteria checks 2/6
Hainan Airport Infrastructure has a total shareholder equity of CN¥25.1B and total debt of CN¥18.9B, which brings its debt-to-equity ratio to 75.3%. Its total assets and total liabilities are CN¥55.5B and CN¥30.4B respectively. Hainan Airport Infrastructure's EBIT is CN¥1.7B making its interest coverage ratio 6.5. It has cash and short-term investments of CN¥6.2B.
Key information
75.3%
Debt to equity ratio
CN¥18.92b
Debt
Interest coverage ratio | 6.5x |
Cash | CN¥6.20b |
Equity | CN¥25.12b |
Total liabilities | CN¥30.42b |
Total assets | CN¥55.54b |
Financial Position Analysis
Short Term Liabilities: 600515's short term assets (CN¥21.4B) exceed its short term liabilities (CN¥9.0B).
Long Term Liabilities: 600515's short term assets (CN¥21.4B) do not cover its long term liabilities (CN¥21.5B).
Debt to Equity History and Analysis
Debt Level: 600515's net debt to equity ratio (50.6%) is considered high.
Reducing Debt: 600515's debt to equity ratio has increased from 69.2% to 75.3% over the past 5 years.
Debt Coverage: 600515's debt is not well covered by operating cash flow (1%).
Interest Coverage: 600515's interest payments on its debt are well covered by EBIT (6.5x coverage).