Shenzhen Airport Balance Sheet Health
Financial Health criteria checks 3/6
Shenzhen Airport has a total shareholder equity of CN¥11.2B and total debt of CN¥4.3B, which brings its debt-to-equity ratio to 38.1%. Its total assets and total liabilities are CN¥24.0B and CN¥12.8B respectively. Shenzhen Airport's EBIT is CN¥545.1M making its interest coverage ratio 2. It has cash and short-term investments of CN¥2.6B.
Key information
38.1%
Debt to equity ratio
CN¥4.27b
Debt
Interest coverage ratio | 2x |
Cash | CN¥2.61b |
Equity | CN¥11.21b |
Total liabilities | CN¥12.78b |
Total assets | CN¥23.99b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000089's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥2.9B).
Long Term Liabilities: 000089's short term assets (CN¥3.7B) do not cover its long term liabilities (CN¥9.9B).
Debt to Equity History and Analysis
Debt Level: 000089's net debt to equity ratio (14.8%) is considered satisfactory.
Reducing Debt: 000089's debt to equity ratio has increased from 0% to 38.1% over the past 5 years.
Debt Coverage: 000089's debt is well covered by operating cash flow (36.6%).
Interest Coverage: 000089's interest payments on its debt are not well covered by EBIT (2x coverage).