Shanghai International Airport Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai International Airport has a total shareholder equity of CN¥42.5B and total debt of CN¥5.2B, which brings its debt-to-equity ratio to 12.2%. Its total assets and total liabilities are CN¥70.6B and CN¥28.1B respectively. Shanghai International Airport's EBIT is CN¥1.7B making its interest coverage ratio -9.4. It has cash and short-term investments of CN¥15.9B.
Key information
12.2%
Debt to equity ratio
CN¥5.20b
Debt
Interest coverage ratio | -9.4x |
Cash | CN¥15.94b |
Equity | CN¥42.49b |
Total liabilities | CN¥28.12b |
Total assets | CN¥70.61b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600009's short term assets (CN¥19.2B) exceed its short term liabilities (CN¥10.5B).
Long Term Liabilities: 600009's short term assets (CN¥19.2B) exceed its long term liabilities (CN¥17.6B).
Debt to Equity History and Analysis
Debt Level: 600009 has more cash than its total debt.
Reducing Debt: 600009's debt to equity ratio has increased from 0% to 12.2% over the past 5 years.
Debt Coverage: 600009's debt is well covered by operating cash flow (87.3%).
Interest Coverage: 600009 earns more interest than it pays, so coverage of interest payments is not a concern.