Shanxi Hi-speed Group Balance Sheet Health
Financial Health criteria checks 3/6
Shanxi Hi-speed Group has a total shareholder equity of CN¥5.1B and total debt of CN¥7.0B, which brings its debt-to-equity ratio to 136.8%. Its total assets and total liabilities are CN¥12.7B and CN¥7.6B respectively. Shanxi Hi-speed Group's EBIT is CN¥805.1M making its interest coverage ratio 3.7. It has cash and short-term investments of CN¥1.1B.
Key information
136.8%
Debt to equity ratio
CN¥7.01b
Debt
| Interest coverage ratio | 3.7x |
| Cash | CN¥1.09b |
| Equity | CN¥5.12b |
| Total liabilities | CN¥7.61b |
| Total assets | CN¥12.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000755's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 000755's short term assets (CN¥1.2B) do not cover its long term liabilities (CN¥6.5B).
Debt to Equity History and Analysis
Debt Level: 000755's net debt to equity ratio (115.4%) is considered high.
Reducing Debt: 000755's debt to equity ratio has reduced from 477.2% to 136.8% over the past 5 years.
Debt Coverage: 000755's debt is not well covered by operating cash flow (16.3%).
Interest Coverage: 000755's interest payments on its debt are well covered by EBIT (3.7x coverage).