Beijing Changjiu LogisticsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Beijing Changjiu LogisticsLtd has a total shareholder equity of CN¥3.2B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 36.1%. Its total assets and total liabilities are CN¥5.6B and CN¥2.4B respectively. Beijing Changjiu LogisticsLtd's EBIT is CN¥80.4M making its interest coverage ratio -1.6. It has cash and short-term investments of CN¥617.2M.
Key information
36.1%
Debt to equity ratio
CN¥1.17b
Debt
Interest coverage ratio | -1.6x |
Cash | CN¥617.22m |
Equity | CN¥3.24b |
Total liabilities | CN¥2.41b |
Total assets | CN¥5.65b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603569's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 603569's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥662.7M).
Debt to Equity History and Analysis
Debt Level: 603569's net debt to equity ratio (17%) is considered satisfactory.
Reducing Debt: 603569's debt to equity ratio has reduced from 52.2% to 36.1% over the past 5 years.
Debt Coverage: 603569's debt is well covered by operating cash flow (34.3%).
Interest Coverage: 603569 earns more interest than it pays, so coverage of interest payments is not a concern.