China Express AirlinesLTD Balance Sheet Health
Financial Health criteria checks 2/6
China Express AirlinesLTD has a total shareholder equity of CN¥3.4B and total debt of CN¥6.9B, which brings its debt-to-equity ratio to 205.3%. Its total assets and total liabilities are CN¥19.0B and CN¥15.6B respectively.
Key information
205.3%
Debt to equity ratio
CN¥6.89b
Debt
Interest coverage ratio | n/a |
Cash | CN¥2.44b |
Equity | CN¥3.36b |
Total liabilities | CN¥15.63b |
Total assets | CN¥18.98b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002928's short term assets (CN¥4.6B) do not cover its short term liabilities (CN¥6.2B).
Long Term Liabilities: 002928's short term assets (CN¥4.6B) do not cover its long term liabilities (CN¥9.4B).
Debt to Equity History and Analysis
Debt Level: 002928's net debt to equity ratio (132.7%) is considered high.
Reducing Debt: 002928's debt to equity ratio has increased from 90.6% to 205.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 002928 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 002928 has sufficient cash runway for 2.8 years if free cash flow continues to grow at historical rates of 21% each year.