Qilu Expressway Balance Sheet Health
Financial Health criteria checks 2/6
Qilu Expressway has a total shareholder equity of CN¥6.0B and total debt of CN¥9.1B, which brings its debt-to-equity ratio to 151.9%. Its total assets and total liabilities are CN¥16.6B and CN¥10.6B respectively. Qilu Expressway's EBIT is CN¥595.8M making its interest coverage ratio 10832.2. It has cash and short-term investments of CN¥978.1M.
Key information
151.9%
Debt to equity ratio
CN¥9.08b
Debt
| Interest coverage ratio | 10832.2x |
| Cash | CN¥978.08m |
| Equity | CN¥5.98b |
| Total liabilities | CN¥10.64b |
| Total assets | CN¥16.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: Z5E's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: Z5E's short term assets (CN¥2.1B) do not cover its long term liabilities (CN¥8.8B).
Debt to Equity History and Analysis
Debt Level: Z5E's net debt to equity ratio (135.5%) is considered high.
Reducing Debt: Z5E's debt to equity ratio has increased from 13.1% to 151.9% over the past 5 years.
Debt Coverage: Z5E's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: Z5E's interest payments on its debt are well covered by EBIT (10832.2x coverage).