China Express AirlinesLTD Balance Sheet Health
Financial Health criteria checks 2/6
China Express AirlinesLTD has a total shareholder equity of CN¥3.1B and total debt of CN¥6.4B, which brings its debt-to-equity ratio to 205.1%. Its total assets and total liabilities are CN¥19.1B and CN¥15.9B respectively.
Key information
205.1%
Debt to equity ratio
CN¥6.38b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.37b |
| Equity | CN¥3.11b |
| Total liabilities | CN¥15.95b |
| Total assets | CN¥19.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002928's short term assets (CN¥3.9B) do not cover its short term liabilities (CN¥5.9B).
Long Term Liabilities: 002928's short term assets (CN¥3.9B) do not cover its long term liabilities (CN¥10.0B).
Debt to Equity History and Analysis
Debt Level: 002928's net debt to equity ratio (160.9%) is considered high.
Reducing Debt: 002928's debt to equity ratio has increased from 84.3% to 205.1% 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: Whilst unprofitable 002928 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002928 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 41.5% per year.