Heilongjiang Transport Development Balance Sheet Health
Financial Health criteria checks 6/6
Heilongjiang Transport Development has a total shareholder equity of CN¥4.8B and total debt of CN¥9.0M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥5.4B and CN¥559.0M respectively. Heilongjiang Transport Development's EBIT is CN¥89.3M making its interest coverage ratio -1. It has cash and short-term investments of CN¥579.5M.
Key information
0.2%
Debt to equity ratio
CN¥9.01m
Debt
Interest coverage ratio | -1x |
Cash | CN¥579.51m |
Equity | CN¥4.85b |
Total liabilities | CN¥559.00m |
Total assets | CN¥5.41b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601188's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥333.6M).
Long Term Liabilities: 601188's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥225.4M).
Debt to Equity History and Analysis
Debt Level: 601188 has more cash than its total debt.
Reducing Debt: 601188's debt to equity ratio has reduced from 9.4% to 0.2% over the past 5 years.
Debt Coverage: 601188's debt is well covered by operating cash flow (2826.3%).
Interest Coverage: 601188 earns more interest than it pays, so coverage of interest payments is not a concern.