China Merchants Expressway Network & Technology HoldingsLtd Balance Sheet Health
Financial Health criteria checks 1/6
China Merchants Expressway Network & Technology HoldingsLtd has a total shareholder equity of CN¥85.7B and total debt of CN¥59.1B, which brings its debt-to-equity ratio to 69%. Its total assets and total liabilities are CN¥161.8B and CN¥76.1B respectively. China Merchants Expressway Network & Technology HoldingsLtd's EBIT is CN¥3.1B making its interest coverage ratio -0.7. It has cash and short-term investments of CN¥8.4B.
Key information
69.0%
Debt to equity ratio
CN¥59.10b
Debt
Interest coverage ratio | -0.7x |
Cash | CN¥8.44b |
Equity | CN¥85.71b |
Total liabilities | CN¥76.07b |
Total assets | CN¥161.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 001965's short term assets (CN¥15.4B) do not cover its short term liabilities (CN¥17.1B).
Long Term Liabilities: 001965's short term assets (CN¥15.4B) do not cover its long term liabilities (CN¥59.0B).
Debt to Equity History and Analysis
Debt Level: 001965's net debt to equity ratio (59.1%) is considered high.
Reducing Debt: 001965's debt to equity ratio has increased from 49.3% to 69% over the past 5 years.
Debt Coverage: 001965's debt is not well covered by operating cash flow (9.3%).
Interest Coverage: 001965 earns more interest than it pays, so coverage of interest payments is not a concern.