Dazhong Transportation (Group) Balance Sheet Health
Financial Health criteria checks 4/6
Dazhong Transportation (Group) has a total shareholder equity of CN¥10.2B and total debt of CN¥6.6B, which brings its debt-to-equity ratio to 64.7%. Its total assets and total liabilities are CN¥19.4B and CN¥9.2B respectively. Dazhong Transportation (Group)'s EBIT is CN¥297.1M making its interest coverage ratio -4.8. It has cash and short-term investments of CN¥3.8B.
Key information
64.7%
Debt to equity ratio
CN¥6.60b
Debt
| Interest coverage ratio | -4.8x |
| Cash | CN¥3.85b |
| Equity | CN¥10.21b |
| Total liabilities | CN¥9.20b |
| Total assets | CN¥19.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600611's short term assets (CN¥10.2B) exceed its short term liabilities (CN¥6.2B).
Long Term Liabilities: 600611's short term assets (CN¥10.2B) exceed its long term liabilities (CN¥3.0B).
Debt to Equity History and Analysis
Debt Level: 600611's net debt to equity ratio (27%) is considered satisfactory.
Reducing Debt: 600611's debt to equity ratio has increased from 41.2% to 64.7% over the past 5 years.
Debt Coverage: 600611's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: 600611 earns more interest than it pays, so coverage of interest payments is not a concern.