Shenzhen Expressway Balance Sheet Health
Financial Health criteria checks 1/6
Shenzhen Expressway has a total shareholder equity of CN¥28.4B and total debt of CN¥32.9B, which brings its debt-to-equity ratio to 115.9%. Its total assets and total liabilities are CN¥67.4B and CN¥39.0B respectively. Shenzhen Expressway's EBIT is CN¥2.6B making its interest coverage ratio -5.4. It has cash and short-term investments of CN¥3.7B.
Key information
115.9%
Debt to equity ratio
CN¥32.93b
Debt
Interest coverage ratio | -5.4x |
Cash | CN¥3.66b |
Equity | CN¥28.41b |
Total liabilities | CN¥39.01b |
Total assets | CN¥67.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600548's short term assets (CN¥8.2B) do not cover its short term liabilities (CN¥19.7B).
Long Term Liabilities: 600548's short term assets (CN¥8.2B) do not cover its long term liabilities (CN¥19.3B).
Debt to Equity History and Analysis
Debt Level: 600548's net debt to equity ratio (103%) is considered high.
Reducing Debt: 600548's debt to equity ratio has increased from 68.6% to 115.9% over the past 5 years.
Debt Coverage: 600548's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: 600548 earns more interest than it pays, so coverage of interest payments is not a concern.