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¥6.1B, which brings its debt-to-equity ratio to 60.8%. Its total assets and total liabilities are CN¥18.4B and CN¥8.4B respectively. Dazhong Transportation (Group)'s EBIT is CN¥397.7M making its interest coverage ratio -9.8. It has cash and short-term investments of CN¥3.2B.
Key information
60.8%
Debt to equity ratio
CN¥6.12b
Debt
Interest coverage ratio | -9.8x |
Cash | CN¥3.20b |
Equity | CN¥10.06b |
Total liabilities | CN¥8.37b |
Total assets | CN¥18.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 900903's short term assets (CN¥9.5B) exceed its short term liabilities (CN¥5.8B).
Long Term Liabilities: 900903's short term assets (CN¥9.5B) exceed its long term liabilities (CN¥2.6B).
Debt to Equity History and Analysis
Debt Level: 900903's net debt to equity ratio (29%) is considered satisfactory.
Reducing Debt: 900903's debt to equity ratio has increased from 35.1% to 60.8% over the past 5 years.
Debt Coverage: 900903's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 900903 earns more interest than it pays, so coverage of interest payments is not a concern.