Daqin Railway Balance Sheet Health
Financial Health criteria checks 5/6
Daqin Railway has a total shareholder equity of CN¥167.1B and total debt of CN¥26.5B, which brings its debt-to-equity ratio to 15.9%. Its total assets and total liabilities are CN¥210.7B and CN¥43.5B respectively. Daqin Railway's EBIT is CN¥14.3B making its interest coverage ratio -5.7. It has cash and short-term investments of CN¥68.2B.
Key information
15.9%
Debt to equity ratio
CN¥26.52b
Debt
Interest coverage ratio | -5.7x |
Cash | CN¥68.22b |
Equity | CN¥167.15b |
Total liabilities | CN¥43.52b |
Total assets | CN¥210.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601006's short term assets (CN¥83.2B) exceed its short term liabilities (CN¥14.5B).
Long Term Liabilities: 601006's short term assets (CN¥83.2B) exceed its long term liabilities (CN¥29.0B).
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 9.5% to 15.9% over the past 5 years.
Debt Coverage: 601006's debt is well covered by operating cash flow (54.8%).
Interest Coverage: 601006 earns more interest than it pays, so coverage of interest payments is not a concern.