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¥60.0B and total debt of CN¥3.8B, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are CN¥75.6B and CN¥15.6B respectively. China Tourism Group Duty Free's EBIT is CN¥6.2B making its interest coverage ratio -6.2. It has cash and short-term investments of CN¥32.0B.
Key information
6.3%
Debt to equity ratio
CN¥3.77b
Debt
| Interest coverage ratio | -6.2x |
| Cash | CN¥32.02b |
| Equity | CN¥59.96b |
| Total liabilities | CN¥15.63b |
| Total assets | CN¥75.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601888's short term assets (CN¥54.7B) exceed its short term liabilities (CN¥11.2B).
Long Term Liabilities: 601888's short term assets (CN¥54.7B) 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 6.3% over the past 5 years.
Debt Coverage: 601888's debt is well covered by operating cash flow (179.9%).
Interest Coverage: 601888 earns more interest than it pays, so coverage of interest payments is not a concern.