Canggang Railway Balance Sheet Health

Financial Health criteria checks 4/6

Canggang Railway has a total shareholder equity of CN¥775.1M and total debt of CN¥492.8M, which brings its debt-to-equity ratio to 63.6%. Its total assets and total liabilities are CN¥1.3B and CN¥550.9M respectively. Canggang Railway's EBIT is CN¥105.0M making its interest coverage ratio 5. It has cash and short-term investments of CN¥112.4M.

Key information

63.6%

Debt to equity ratio

CN¥492.76m

Debt

Interest coverage ratio	5x
Cash	CN¥112.39m
Equity	CN¥775.08m
Total liabilities	CN¥550.90m
Total assets	CN¥1.33b

Recent financial health updates

No updates

Recent updates

Returns On Capital At Canggang Railway (HKG:2169) Have Hit The Brakes

Apr 16

Some Canggang Railway Limited (HKG:2169) Shareholders Look For Exit As Shares Take 38% Pounding

Mar 28

The Returns At Canggang Railway (HKG:2169) Aren't Growing

Nov 08

Canggang Railway's (HKG:2169) Returns On Capital Not Reflecting Well On The Business

Jul 21

Canggang Railway Limited (HKG:2169) Stock Rockets 34% As Investors Are Less Pessimistic Than Expected

Apr 20

Investors Could Be Concerned With Canggang Railway's (HKG:2169) Returns On Capital

Dec 09

Financial Position Analysis

Short Term Liabilities: 2169's short term assets (CN¥342.6M) exceed its short term liabilities (CN¥260.2M).

Long Term Liabilities: 2169's short term assets (CN¥342.6M) exceed its long term liabilities (CN¥290.7M).

Debt to Equity History and Analysis

Debt Level: 2169's net debt to equity ratio (49.1%) is considered high.

Reducing Debt: 2169's debt to equity ratio has increased from 53.3% to 63.6% over the past 5 years.

Debt Coverage: 2169's debt is well covered by operating cash flow (46.5%).

Interest Coverage: 2169's interest payments on its debt are well covered by EBIT (5x coverage).

Canggang Railway Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Recent updates

New major risk - Share price stability

Returns On Capital At Canggang Railway (HKG:2169) Have Hit The Brakes

Investor sentiment improves as stock rises 30%

Dividend of CN¥0.006 announced

Some Canggang Railway Limited (HKG:2169) Shareholders Look For Exit As Shares Take 38% Pounding

Canggang Railway Limited, Annual General Meeting, Jun 18, 2024

Full year 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.017 in FY 2022)

Canggang Railway Limited Proposes Final Ordinary Dividend for the Year Ended 31 December 2023, Payable on 09 July 2024

Canggang Railway Limited to Report Fiscal Year 2023 Results on Mar 27, 2024

Investor sentiment deteriorates as stock falls 23%

Now 35% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 22%

Now 20% overvalued

Now 20% overvalued

New minor risk - Share price stability

The Returns At Canggang Railway (HKG:2169) Aren't Growing

First half 2023 earnings released: EPS: CN¥0.032 (vs CN¥0.026 in 1H 2022)

Canggang Railway Limited to Report First Half, 2023 Results on Aug 29, 2023

Canggang Railway's (HKG:2169) Returns On Capital Not Reflecting Well On The Business

Investor sentiment improves as stock rises 20%

Investor sentiment improves as stock rises 21%

Canggang Railway Limited Declares Final Dividend for the Year Ended December 31, 2022

Investor sentiment improves as stock rises 21%

Upcoming dividend of CN¥0.028 per share at 0.9% yield

Investor sentiment improves as stock rises 23%

Investor sentiment deteriorates as stock falls 24%

Canggang Railway Limited (HKG:2169) Stock Rockets 34% As Investors Are Less Pessimistic Than Expected

Full year 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.077 in FY 2021)

Investor sentiment improves as stock rises 24%

Investor sentiment deteriorates as stock falls 22%

Investors Could Be Concerned With Canggang Railway's (HKG:2169) Returns On Capital

Less than half of directors are independent

Investor sentiment improved over the past week

Investor sentiment improved over the past week

A Look At The Intrinsic Value Of Canggang Railway Limited (HKG:2169)

Canggang Railway Limited Does Not Recommend the Payment of Any Dividend for the Six Months Ended 30 June 2022

First half 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.042 in 1H 2021)

Canggang Railway Limited to Report First Half, 2022 Results on Aug 29, 2022

Investor sentiment deteriorated over the past week

Canggang Railway Limited Approves Final Dividend for the Year Ended 31 December 2021

Investor sentiment improved over the past week

Upcoming dividend of HK$0.038 per share

Less than half of directors are independent

Now 23% undervalued

Full year 2021 earnings released: EPS: CN¥0.08 (vs CN¥0.08 in FY 2020)

Canggang Railway Limited Announces Final Dividend for the Year Ended December 31, 2021, Payable on August 18, 2022

Now 22% undervalued

Estimating The Intrinsic Value Of Canggang Railway Limited (HKG:2169)

Returns On Capital At Canggang Railway (HKG:2169) Have Hit The Brakes

Now 20% undervalued

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS CN¥0.08 (vs CN¥0.094 in FY 2019)

Full year 2020 earnings released: EPS CN¥0.08

Canggang Railway Limited to Report Fiscal Year 2020 Results on Mar 25, 2021

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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