Shandong Hi-speed Balance Sheet Health
Financial Health criteria checks 1/6
Shandong Hi-speed has a total shareholder equity of CN¥53.8B and total debt of CN¥72.6B, which brings its debt-to-equity ratio to 134.9%. Its total assets and total liabilities are CN¥154.7B and CN¥100.9B respectively. Shandong Hi-speed's EBIT is CN¥5.5B making its interest coverage ratio 16.6. It has cash and short-term investments of CN¥6.5B.
Key information
134.9%
Debt to equity ratio
CN¥72.57b
Debt
| Interest coverage ratio | 16.6x |
| Cash | CN¥6.55b |
| Equity | CN¥53.80b |
| Total liabilities | CN¥100.92b |
| Total assets | CN¥154.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600350's short term assets (CN¥25.4B) do not cover its short term liabilities (CN¥32.7B).
Long Term Liabilities: 600350's short term assets (CN¥25.4B) do not cover its long term liabilities (CN¥68.3B).
Debt to Equity History and Analysis
Debt Level: 600350's net debt to equity ratio (122.7%) is considered high.
Reducing Debt: 600350's debt to equity ratio has increased from 129.4% to 134.9% over the past 5 years.
Debt Coverage: 600350's debt is not well covered by operating cash flow (8.6%).
Interest Coverage: 600350's interest payments on its debt are well covered by EBIT (16.6x coverage).