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¥59.5B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 5%. Its total assets and total liabilities are CN¥75.8B and CN¥16.3B respectively. China Tourism Group Duty Free's EBIT is CN¥6.9B making its interest coverage ratio -6.3. It has cash and short-term investments of CN¥33.2B.
Key information
5.0%
Debt to equity ratio
CN¥2.96b
Debt
| Interest coverage ratio | -6.3x |
| Cash | CN¥33.21b |
| Equity | CN¥59.53b |
| Total liabilities | CN¥16.31b |
| Total assets | CN¥75.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601888's short term assets (CN¥55.1B) exceed its short term liabilities (CN¥11.8B).
Long Term Liabilities: 601888's short term assets (CN¥55.1B) exceed its long term liabilities (CN¥4.5B).
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 5% over the past 5 years.
Debt Coverage: 601888's debt is well covered by operating cash flow (366.8%).
Interest Coverage: 601888 earns more interest than it pays, so coverage of interest payments is not a concern.