Henan Zhongyuan Expressway Balance Sheet Health
Financial Health criteria checks 2/6
Henan Zhongyuan Expressway has a total shareholder equity of CN¥15.0B and total debt of CN¥32.0B, which brings its debt-to-equity ratio to 213%. Its total assets and total liabilities are CN¥50.3B and CN¥35.3B respectively. Henan Zhongyuan Expressway's EBIT is CN¥2.0B making its interest coverage ratio 2.1. It has cash and short-term investments of CN¥614.4M.
Key information
213.0%
Debt to equity ratio
CN¥31.98b
Debt
Interest coverage ratio | 2.1x |
Cash | CN¥614.44m |
Equity | CN¥15.01b |
Total liabilities | CN¥35.31b |
Total assets | CN¥50.32b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600020's short term assets (CN¥6.6B) exceed its short term liabilities (CN¥5.6B).
Long Term Liabilities: 600020's short term assets (CN¥6.6B) do not cover its long term liabilities (CN¥29.7B).
Debt to Equity History and Analysis
Debt Level: 600020's net debt to equity ratio (208.9%) is considered high.
Reducing Debt: 600020's debt to equity ratio has reduced from 285.6% to 213% over the past 5 years.
Debt Coverage: 600020's debt is not well covered by operating cash flow (7.3%).
Interest Coverage: 600020's interest payments on its debt are not well covered by EBIT (2.1x coverage).