Jiangxi Ganyue ExpresswayLTD Balance Sheet Health
Financial Health criteria checks 5/6
Jiangxi Ganyue ExpresswayLTD has a total shareholder equity of CN¥20.0B and total debt of CN¥12.3B, which brings its debt-to-equity ratio to 61.8%. Its total assets and total liabilities are CN¥36.0B and CN¥16.1B respectively. Jiangxi Ganyue ExpresswayLTD's EBIT is CN¥1.9B making its interest coverage ratio 7.7. It has cash and short-term investments of CN¥4.7B.
Key information
61.8%
Debt to equity ratio
CN¥12.34b
Debt
| Interest coverage ratio | 7.7x |
| Cash | CN¥4.67b |
| Equity | CN¥19.97b |
| Total liabilities | CN¥16.06b |
| Total assets | CN¥36.03b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600269's short term assets (CN¥9.1B) do not cover its short term liabilities (CN¥10.7B).
Long Term Liabilities: 600269's short term assets (CN¥9.1B) exceed its long term liabilities (CN¥5.3B).
Debt to Equity History and Analysis
Debt Level: 600269's net debt to equity ratio (38.4%) is considered satisfactory.
Reducing Debt: 600269's debt to equity ratio has reduced from 83.5% to 61.8% over the past 5 years.
Debt Coverage: 600269's debt is well covered by operating cash flow (21.1%).
Interest Coverage: 600269's interest payments on its debt are well covered by EBIT (7.7x coverage).