China Express AirlinesLTD Balance Sheet Health
Financial Health criteria checks 1/6
China Express AirlinesLTD has a total shareholder equity of CN¥3.4B and total debt of CN¥7.1B, which brings its debt-to-equity ratio to 209.1%. Its total assets and total liabilities are CN¥20.1B and CN¥16.7B respectively. China Express AirlinesLTD's EBIT is CN¥508.2M making its interest coverage ratio 0.9. It has cash and short-term investments of CN¥2.0B.
Key information
209.1%
Debt to equity ratio
CN¥7.10b
Debt
| Interest coverage ratio | 0.9x |
| Cash | CN¥1.96b |
| Equity | CN¥3.39b |
| Total liabilities | CN¥16.73b |
| Total assets | CN¥20.12b |
Recent financial health updates
No updates
Recent updates
Investors Appear Satisfied With China Express Airlines Co.,LTD's (SZSE:002928) Prospects As Shares Rocket 26%
Nov 11
China Express AirlinesLTD's (SZSE:002928) Solid Earnings Are Supported By Other Strong Factors
Nov 07Estimating The Fair Value Of China Express Airlines Co.,LTD (SZSE:002928)
Oct 03Market Participants Recognise China Express Airlines Co.,LTD's (SZSE:002928) Revenues
Sep 12Revenues Tell The Story For China Express Airlines Co.,LTD (SZSE:002928) As Its Stock Soars 37%
May 21China Express Airlines Co.,LTD's (SZSE:002928) Earnings Haven't Escaped The Attention Of Investors
Mar 28Financial Position Analysis
Short Term Liabilities: 002928's short term assets (CN¥5.1B) do not cover its short term liabilities (CN¥7.1B).
Long Term Liabilities: 002928's short term assets (CN¥5.1B) do not cover its long term liabilities (CN¥9.7B).
Debt to Equity History and Analysis
Debt Level: 002928's net debt to equity ratio (151.4%) is considered high.
Reducing Debt: 002928's debt to equity ratio has increased from 97.7% to 209.1% over the past 5 years.
Debt Coverage: 002928's debt is well covered by operating cash flow (25.9%).
Interest Coverage: 002928's interest payments on its debt are not well covered by EBIT (0.9x coverage).