ZTE Balance Sheet Health
Financial Health criteria checks 6/6
ZTE has a total shareholder equity of CN¥70.8B and total debt of CN¥59.1B, which brings its debt-to-equity ratio to 83.5%. Its total assets and total liabilities are CN¥205.5B and CN¥134.7B respectively. ZTE's EBIT is CN¥11.1B making its interest coverage ratio -11.7. It has cash and short-term investments of CN¥74.0B.
Key information
83.5%
Debt to equity ratio
CN¥59.09b
Debt
| Interest coverage ratio | -11.7x |
| Cash | CN¥73.98b |
| Equity | CN¥70.76b |
| Total liabilities | CN¥134.75b |
| Total assets | CN¥205.51b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FZM's short term assets (CN¥151.6B) exceed its short term liabilities (CN¥79.6B).
Long Term Liabilities: FZM's short term assets (CN¥151.6B) exceed its long term liabilities (CN¥55.2B).
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 116.2% to 83.5% over the past 5 years.
Debt Coverage: FZM's debt is well covered by operating cash flow (30.4%).
Interest Coverage: FZM earns more interest than it pays, so coverage of interest payments is not a concern.