Fujian Expressway DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 6/6
Fujian Expressway DevelopmentLtd has a total shareholder equity of CN¥13.9B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 7.5%. Its total assets and total liabilities are CN¥17.0B and CN¥3.1B respectively. Fujian Expressway DevelopmentLtd's EBIT is CN¥1.6B making its interest coverage ratio -399.3. It has cash and short-term investments of CN¥1.5B.
Key information
7.5%
Debt to equity ratio
CN¥1.04b
Debt
| Interest coverage ratio | -399.3x |
| Cash | CN¥1.46b |
| Equity | CN¥13.88b |
| Total liabilities | CN¥3.12b |
| Total assets | CN¥16.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600033's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 600033's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 600033 has more cash than its total debt.
Reducing Debt: 600033's debt to equity ratio has reduced from 39.2% to 7.5% over the past 5 years.
Debt Coverage: 600033's debt is well covered by operating cash flow (209.3%).
Interest Coverage: 600033 earns more interest than it pays, so coverage of interest payments is not a concern.