Canggang Railway Balance Sheet Health
Financial Health criteria checks 4/6
Canggang Railway has a total shareholder equity of CN¥801.3M and total debt of CN¥548.6M, which brings its debt-to-equity ratio to 68.5%. Its total assets and total liabilities are CN¥1.4B and CN¥593.5M respectively. Canggang Railway's EBIT is CN¥96.5M making its interest coverage ratio 3.8. It has cash and short-term investments of CN¥233.5M.
Key information
68.5%
Debt to equity ratio
CN¥548.64m
Debt
Interest coverage ratio | 3.8x |
Cash | CN¥233.51m |
Equity | CN¥801.33m |
Total liabilities | CN¥593.46m |
Total assets | CN¥1.39b |
Recent financial health updates
Recent updates
Canggang Railway Limited's (HKG:2169) Shares Climb 29% But Its Business Is Yet to Catch Up
Dec 06Canggang Railway (HKG:2169) Takes On Some Risk With Its Use Of Debt
Nov 11What Canggang Railway Limited's (HKG:2169) 30% Share Price Gain Is Not Telling You
Sep 16Here's What To Make Of Canggang Railway's (HKG:2169) Decelerating Rates Of Return
Jul 31Subdued Growth No Barrier To Canggang Railway Limited (HKG:2169) With Shares Advancing 29%
May 29Estimating The Fair Value Of Canggang Railway Limited (HKG:2169)
May 10Returns On Capital At Canggang Railway (HKG:2169) Have Hit The Brakes
Apr 16Some Canggang Railway Limited (HKG:2169) Shareholders Look For Exit As Shares Take 38% Pounding
Mar 28The Returns At Canggang Railway (HKG:2169) Aren't Growing
Nov 08Canggang Railway's (HKG:2169) Returns On Capital Not Reflecting Well On The Business
Jul 21Canggang Railway Limited (HKG:2169) Stock Rockets 34% As Investors Are Less Pessimistic Than Expected
Apr 20Investors Could Be Concerned With Canggang Railway's (HKG:2169) Returns On Capital
Dec 09A Look At The Intrinsic Value Of Canggang Railway Limited (HKG:2169)
Sep 15Estimating The Intrinsic Value Of Canggang Railway Limited (HKG:2169)
Mar 17Returns On Capital At Canggang Railway (HKG:2169) Have Hit The Brakes
Jan 31Financial Position Analysis
Short Term Liabilities: 2169's short term assets (CN¥410.8M) exceed its short term liabilities (CN¥132.6M).
Long Term Liabilities: 2169's short term assets (CN¥410.8M) do not cover its long term liabilities (CN¥460.8M).
Debt to Equity History and Analysis
Debt Level: 2169's net debt to equity ratio (39.3%) is considered satisfactory.
Reducing Debt: 2169's debt to equity ratio has reduced from 74.6% to 68.5% over the past 5 years.
Debt Coverage: 2169's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: 2169's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
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Company Analysis | 2024/12/22 06:45 |
End of Day Share Price | 2024/12/20 00:00 |
Earnings | 2024/06/30 |
Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package | Data | Timeframe | Example US Source * |
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Company Financials | 10 years |
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Analyst Consensus Estimates | +3 years |
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Market Prices | 30 years |
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Ownership | 10 years |
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Management | 10 years |
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Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Canggang Railway Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
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