Shanxi Hi-speed Group Balance Sheet Health
Financial Health criteria checks 3/6
Shanxi Hi-speed Group has a total shareholder equity of CN¥5.0B and total debt of CN¥6.9B, which brings its debt-to-equity ratio to 137.8%. Its total assets and total liabilities are CN¥12.8B and CN¥7.8B respectively. Shanxi Hi-speed Group's EBIT is CN¥779.2M making its interest coverage ratio -2056.9. It has cash and short-term investments of CN¥1.0B.
Key information
137.8%
Debt to equity ratio
CN¥6.94b
Debt
Interest coverage ratio | -2056.9x |
Cash | CN¥1.01b |
Equity | CN¥5.04b |
Total liabilities | CN¥7.76b |
Total assets | CN¥12.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000755's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 000755's short term assets (CN¥1.1B) do not cover its long term liabilities (CN¥6.7B).
Debt to Equity History and Analysis
Debt Level: 000755's net debt to equity ratio (117.7%) is considered high.
Reducing Debt: 000755's debt to equity ratio has reduced from 475.5% to 137.8% over the past 5 years.
Debt Coverage: 000755's debt is not well covered by operating cash flow (16.3%).
Interest Coverage: 000755 earns more interest than it pays, so coverage of interest payments is not a concern.