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
No updates
Recent updates
Financial 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).