Beijing-Shanghai High-Speed Railway Balance Sheet Health
Financial Health criteria checks 4/6
Beijing-Shanghai High-Speed Railway has a total shareholder equity of CN¥221.0B and total debt of CN¥64.8B, which brings its debt-to-equity ratio to 29.3%. Its total assets and total liabilities are CN¥293.4B and CN¥72.4B respectively. Beijing-Shanghai High-Speed Railway's EBIT is CN¥18.5B making its interest coverage ratio 8.5. It has cash and short-term investments of CN¥14.5B.
Key information
29.3%
Debt to equity ratio
CN¥64.80b
Debt
Interest coverage ratio | 8.5x |
Cash | CN¥14.48b |
Equity | CN¥221.00b |
Total liabilities | CN¥72.36b |
Total assets | CN¥293.36b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 601816's short term assets (CN¥16.9B) exceed its short term liabilities (CN¥14.4B).
Long Term Liabilities: 601816's short term assets (CN¥16.9B) do not cover its long term liabilities (CN¥58.0B).
Debt to Equity History and Analysis
Debt Level: 601816's net debt to equity ratio (22.8%) is considered satisfactory.
Reducing Debt: 601816's debt to equity ratio has increased from 20.9% to 29.3% over the past 5 years.
Debt Coverage: 601816's debt is well covered by operating cash flow (33.6%).
Interest Coverage: 601816's interest payments on its debt are well covered by EBIT (8.5x coverage).