China Master Logistics Balance Sheet Health
Financial Health criteria checks 4/6
China Master Logistics has a total shareholder equity of CN¥2.5B and total debt of CN¥564.0M, which brings its debt-to-equity ratio to 22.5%. Its total assets and total liabilities are CN¥4.2B and CN¥1.7B respectively. China Master Logistics's EBIT is CN¥361.0M making its interest coverage ratio -25.4. It has cash and short-term investments of CN¥524.5M.
Key information
22.5%
Debt to equity ratio
CN¥564.02m
Debt
Interest coverage ratio | -25.4x |
Cash | CN¥524.45m |
Equity | CN¥2.51b |
Total liabilities | CN¥1.68b |
Total assets | CN¥4.19b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603967's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 603967's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥304.6M).
Debt to Equity History and Analysis
Debt Level: 603967's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: 603967's debt to equity ratio has increased from 9.8% to 22.5% over the past 5 years.
Debt Coverage: 603967's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: 603967 earns more interest than it pays, so coverage of interest payments is not a concern.