China High Speed Transmission Equipment Group Balance Sheet Health
Financial Health criteria checks 5/6
China High Speed Transmission Equipment Group has a total shareholder equity of CN¥13.8B and total debt of CN¥9.5B, which brings its debt-to-equity ratio to 68.7%. Its total assets and total liabilities are CN¥43.2B and CN¥29.4B respectively. China High Speed Transmission Equipment Group's EBIT is CN¥1.8B making its interest coverage ratio 5.5. It has cash and short-term investments of CN¥7.4B.
Key information
68.7%
Debt to equity ratio
CN¥9.50b
Debt
Interest coverage ratio | 5.5x |
Cash | CN¥7.37b |
Equity | CN¥13.84b |
Total liabilities | CN¥29.40b |
Total assets | CN¥43.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 658's short term assets (CN¥31.4B) exceed its short term liabilities (CN¥22.9B).
Long Term Liabilities: 658's short term assets (CN¥31.4B) exceed its long term liabilities (CN¥6.5B).
Debt to Equity History and Analysis
Debt Level: 658's net debt to equity ratio (15.4%) is considered satisfactory.
Reducing Debt: 658's debt to equity ratio has reduced from 79.1% to 68.7% over the past 5 years.
Debt Coverage: 658's debt is not well covered by operating cash flow (3.1%).
Interest Coverage: 658's interest payments on its debt are well covered by EBIT (5.5x coverage).