Canggang Railway Balance Sheet Health
Financial Health criteria checks 5/6
Canggang Railway has a total shareholder equity of CN¥774.0M and total debt of CN¥496.3M, which brings its debt-to-equity ratio to 64.1%. Its total assets and total liabilities are CN¥1.3B and CN¥575.2M respectively. Canggang Railway's EBIT is CN¥122.5M making its interest coverage ratio 5.5. It has cash and short-term investments of CN¥202.9M.
Key information
64.1%
Debt to equity ratio
CN¥496.28m
Debt
| Interest coverage ratio | 5.5x |
| Cash | CN¥202.90m |
| Equity | CN¥774.01m |
| Total liabilities | CN¥575.16m |
| Total assets | CN¥1.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2909's short term assets (CN¥372.0M) exceed its short term liabilities (CN¥231.9M).
Long Term Liabilities: 2909's short term assets (CN¥372.0M) exceed its long term liabilities (CN¥343.2M).
Debt to Equity History and Analysis
Debt Level: 2909's net debt to equity ratio (37.9%) is considered satisfactory.
Reducing Debt: 2909's debt to equity ratio has increased from 53.1% to 64.1% over the past 5 years.
Debt Coverage: 2909's debt is well covered by operating cash flow (46.2%).
Interest Coverage: 2909's interest payments on its debt are well covered by EBIT (5.5x coverage).