Henan Zhongyuan Expressway Balance Sheet Health
Financial Health criteria checks 3/6
Henan Zhongyuan Expressway has a total shareholder equity of CN¥15.1B and total debt of CN¥32.8B, which brings its debt-to-equity ratio to 217%. Its total assets and total liabilities are CN¥51.2B and CN¥36.1B respectively. Henan Zhongyuan Expressway's EBIT is CN¥2.0B making its interest coverage ratio 9.8. It has cash and short-term investments of CN¥476.2M.
Key information
217.0%
Debt to equity ratio
CN¥32.83b
Debt
| Interest coverage ratio | 9.8x |
| Cash | CN¥476.17m |
| Equity | CN¥15.13b |
| Total liabilities | CN¥36.08b |
| Total assets | CN¥51.21b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600020's short term assets (CN¥6.7B) exceed its short term liabilities (CN¥5.5B).
Long Term Liabilities: 600020's short term assets (CN¥6.7B) do not cover its long term liabilities (CN¥30.6B).
Debt to Equity History and Analysis
Debt Level: 600020's net debt to equity ratio (213.9%) is considered high.
Reducing Debt: 600020's debt to equity ratio has reduced from 286.2% to 217% over the past 5 years.
Debt Coverage: 600020's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: 600020's interest payments on its debt are well covered by EBIT (9.8x coverage).