ZTE Balance Sheet Health
Financial Health criteria checks 6/6
ZTE has a total shareholder equity of CN¥72.6B and total debt of CN¥56.9B, which brings its debt-to-equity ratio to 78.3%. Its total assets and total liabilities are CN¥199.7B and CN¥127.1B respectively. ZTE's EBIT is CN¥10.5B making its interest coverage ratio -9.4. It has cash and short-term investments of CN¥60.9B.
Key information
78.3%
Debt to equity ratio
CN¥56.88b
Debt
| Interest coverage ratio | -9.4x |
| Cash | CN¥60.94b |
| Equity | CN¥72.64b |
| Total liabilities | CN¥127.06b |
| Total assets | CN¥199.69b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FZM's short term assets (CN¥140.0B) exceed its short term liabilities (CN¥73.5B).
Long Term Liabilities: FZM's short term assets (CN¥140.0B) exceed its long term liabilities (CN¥53.6B).
Debt to Equity History and Analysis
Debt Level: FZM has more cash than its total debt.
Reducing Debt: FZM's debt to equity ratio has reduced from 108.5% to 78.3% over the past 5 years.
Debt Coverage: FZM's debt is well covered by operating cash flow (28.5%).
Interest Coverage: FZM earns more interest than it pays, so coverage of interest payments is not a concern.