Fujian Expressway DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 6/6
Fujian Expressway DevelopmentLtd has a total shareholder equity of CN¥14.2B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 7.3%. Its total assets and total liabilities are CN¥17.3B and CN¥3.1B respectively. Fujian Expressway DevelopmentLtd's EBIT is CN¥1.6B making its interest coverage ratio -128.4. It has cash and short-term investments of CN¥1.9B.
Key information
7.3%
Debt to equity ratio
CN¥1.04b
Debt
| Interest coverage ratio | -128.4x |
| Cash | CN¥1.91b |
| Equity | CN¥14.18b |
| Total liabilities | CN¥3.11b |
| Total assets | CN¥17.29b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600033's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 600033's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥1.5B).
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 36.3% to 7.3% over the past 5 years.
Debt Coverage: 600033's debt is well covered by operating cash flow (200.7%).
Interest Coverage: 600033 earns more interest than it pays, so coverage of interest payments is not a concern.