Daqin Railway Balance Sheet Health
Financial Health criteria checks 5/6
Daqin Railway has a total shareholder equity of CN¥170.7B and total debt of CN¥22.5B, which brings its debt-to-equity ratio to 13.2%. Its total assets and total liabilities are CN¥209.8B and CN¥39.1B respectively. Daqin Railway's EBIT is CN¥11.5B making its interest coverage ratio -5.2. It has cash and short-term investments of CN¥63.2B.
Key information
13.2%
Debt to equity ratio
CN¥22.46b
Debt
| Interest coverage ratio | -5.2x |
| Cash | CN¥63.16b |
| Equity | CN¥170.66b |
| Total liabilities | CN¥39.12b |
| Total assets | CN¥209.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601006's short term assets (CN¥81.4B) exceed its short term liabilities (CN¥14.8B).
Long Term Liabilities: 601006's short term assets (CN¥81.4B) exceed its long term liabilities (CN¥24.3B).
Debt to Equity History and Analysis
Debt Level: 601006 has more cash than its total debt.
Reducing Debt: 601006's debt to equity ratio has increased from 8.2% to 13.2% over the past 5 years.
Debt Coverage: 601006's debt is well covered by operating cash flow (39.5%).
Interest Coverage: 601006 earns more interest than it pays, so coverage of interest payments is not a concern.