China Tourism Group Duty Free Balance Sheet Health
Financial Health criteria checks 5/6
China Tourism Group Duty Free has a total shareholder equity of CN¥61.6B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are CN¥80.3B and CN¥18.6B respectively. China Tourism Group Duty Free's EBIT is CN¥7.5B making its interest coverage ratio -7.9. It has cash and short-term investments of CN¥36.4B.
Key information
4.7%
Debt to equity ratio
CN¥2.89b
Debt
Interest coverage ratio | -7.9x |
Cash | CN¥36.39b |
Equity | CN¥61.62b |
Total liabilities | CN¥18.63b |
Total assets | CN¥80.25b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601888's short term assets (CN¥59.7B) exceed its short term liabilities (CN¥14.2B).
Long Term Liabilities: 601888's short term assets (CN¥59.7B) exceed its long term liabilities (CN¥4.4B).
Debt to Equity History and Analysis
Debt Level: 601888 has more cash than its total debt.
Reducing Debt: 601888's debt to equity ratio has increased from 1% to 4.7% over the past 5 years.
Debt Coverage: 601888's debt is well covered by operating cash flow (449.5%).
Interest Coverage: 601888 earns more interest than it pays, so coverage of interest payments is not a concern.