Guangdong Provincial Expressway Development Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Provincial Expressway Development has a total shareholder equity of CN¥13.0B and total debt of CN¥7.3B, which brings its debt-to-equity ratio to 56.4%. Its total assets and total liabilities are CN¥21.6B and CN¥8.6B respectively. Guangdong Provincial Expressway Development's EBIT is CN¥2.9B making its interest coverage ratio -21.5. It has cash and short-term investments of CN¥4.9B.
Key information
56.4%
Debt to equity ratio
CN¥7.34b
Debt
Interest coverage ratio | -21.5x |
Cash | CN¥4.88b |
Equity | CN¥13.01b |
Total liabilities | CN¥8.57b |
Total assets | CN¥21.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 200429's short term assets (CN¥5.1B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 200429's short term assets (CN¥5.1B) do not cover its long term liabilities (CN¥6.9B).
Debt to Equity History and Analysis
Debt Level: 200429's net debt to equity ratio (18.9%) is considered satisfactory.
Reducing Debt: 200429's debt to equity ratio has reduced from 56.8% to 56.4% over the past 5 years.
Debt Coverage: 200429's debt is well covered by operating cash flow (49.9%).
Interest Coverage: 200429 earns more interest than it pays, so coverage of interest payments is not a concern.