Liaoning Cheng Da Balance Sheet Health
Financial Health criteria checks 4/6
Liaoning Cheng Da has a total shareholder equity of CN¥31.8B and total debt of CN¥12.5B, which brings its debt-to-equity ratio to 39.4%. Its total assets and total liabilities are CN¥47.3B and CN¥15.5B respectively. Liaoning Cheng Da's EBIT is CN¥499.9M making its interest coverage ratio -0.5. It has cash and short-term investments of CN¥6.8B.
Key information
39.4%
Debt to equity ratio
CN¥12.53b
Debt
| Interest coverage ratio | -0.5x |
| Cash | CN¥6.79b |
| Equity | CN¥31.81b |
| Total liabilities | CN¥15.50b |
| Total assets | CN¥47.32b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600739's short term assets (CN¥11.4B) do not cover its short term liabilities (CN¥11.9B).
Long Term Liabilities: 600739's short term assets (CN¥11.4B) exceed its long term liabilities (CN¥3.6B).
Debt to Equity History and Analysis
Debt Level: 600739's net debt to equity ratio (18.1%) is considered satisfactory.
Reducing Debt: 600739's debt to equity ratio has reduced from 57.5% to 39.4% over the past 5 years.
Debt Coverage: 600739's debt is not well covered by operating cash flow (1.2%).
Interest Coverage: 600739 earns more interest than it pays, so coverage of interest payments is not a concern.