Chengdu Expressway Balance Sheet Health
Financial Health criteria checks 4/6
Chengdu Expressway has a total shareholder equity of CN¥5.5B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 44.6%. Its total assets and total liabilities are CN¥9.3B and CN¥3.8B respectively. Chengdu Expressway's EBIT is CN¥822.5M making its interest coverage ratio 18.6. It has cash and short-term investments of CN¥2.3B.
Key information
44.6%
Debt to equity ratio
CN¥2.44b
Debt
Interest coverage ratio | 18.6x |
Cash | CN¥2.30b |
Equity | CN¥5.47b |
Total liabilities | CN¥3.81b |
Total assets | CN¥9.28b |
Recent financial health updates
Recent updates
Does Chengdu Expressway (HKG:1785) Deserve A Spot On Your Watchlist?
Jan 03Chengdu Expressway (HKG:1785) Is Increasing Its Dividend To HK$0.15
Jun 13Chengdu Expressway (HKG:1785) Takes On Some Risk With Its Use Of Debt
May 29Chengdu Expressway's (HKG:1785) Returns On Capital Not Reflecting Well On The Business
Apr 17How Does Chengdu Expressway Co., Ltd. (HKG:1785) Fare As A Dividend Stock?
Feb 14Should Weakness in Chengdu Expressway Co., Ltd.'s (HKG:1785) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Jan 18We're Watching These Trends At Chengdu Expressway (HKG:1785)
Dec 19Should You Use Chengdu Expressway's (HKG:1785) Statutory Earnings To Analyse It?
Nov 28Financial Position Analysis
Short Term Liabilities: 1785's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥986.8M).
Long Term Liabilities: 1785's short term assets (CN¥2.8B) do not cover its long term liabilities (CN¥2.8B).
Debt to Equity History and Analysis
Debt Level: 1785's net debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: 1785's debt to equity ratio has increased from 42.4% to 44.6% over the past 5 years.
Debt Coverage: 1785's debt is well covered by operating cash flow (42.7%).
Interest Coverage: 1785's interest payments on its debt are well covered by EBIT (18.6x coverage).