Dazhong Transportation (Group) Balance Sheet Health
Financial Health criteria checks 4/6
Dazhong Transportation (Group) has a total shareholder equity of CN¥10.1B and total debt of CN¥6.0B, which brings its debt-to-equity ratio to 59.7%. Its total assets and total liabilities are CN¥18.5B and CN¥8.4B respectively. Dazhong Transportation (Group)'s EBIT is CN¥405.3M making its interest coverage ratio -10.1. It has cash and short-term investments of CN¥3.4B.
Key information
59.7%
Debt to equity ratio
CN¥6.01b
Debt
| Interest coverage ratio | -10.1x |
| Cash | CN¥3.42b |
| Equity | CN¥10.08b |
| Total liabilities | CN¥8.40b |
| Total assets | CN¥18.48b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600611's short term assets (CN¥9.3B) exceed its short term liabilities (CN¥5.8B).
Long Term Liabilities: 600611's short term assets (CN¥9.3B) exceed its long term liabilities (CN¥2.6B).
Debt to Equity History and Analysis
Debt Level: 600611's net debt to equity ratio (25.8%) is considered satisfactory.
Reducing Debt: 600611's debt to equity ratio has increased from 34.7% to 59.7% over the past 5 years.
Debt Coverage: 600611's debt is not well covered by operating cash flow (2.9%).
Interest Coverage: 600611 earns more interest than it pays, so coverage of interest payments is not a concern.