China SpacesatLtd Balance Sheet Health
Financial Health criteria checks 5/6
ChinacesatLtd has a total shareholder equity of CN¥8.2B and total debt of CN¥206.2M, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are CN¥13.5B and CN¥5.3B respectively. ChinacesatLtd's EBIT is CN¥15.4M making its interest coverage ratio -0.5. It has cash and short-term investments of CN¥2.1B.
Key information
2.5%
Debt to equity ratio
CN¥206.22m
Debt
| Interest coverage ratio | -0.5x |
| Cash | CN¥2.08b |
| Equity | CN¥8.17b |
| Total liabilities | CN¥5.35b |
| Total assets | CN¥13.52b |
Recent financial health updates
Is China SpacesatLtd (SHSE:600118) A Risky Investment?
Jul 12
China SpacesatLtd (SHSE:600118) Seems To Use Debt Quite Sensibly
Mar 21Recent updates
Is China SpacesatLtd (SHSE:600118) A Risky Investment?
Jul 12Investors Aren't Entirely Convinced By China Spacesat Co.,Ltd.'s (SHSE:600118) Revenues
Jun 15China SpacesatLtd (SHSE:600118) Will Want To Turn Around Its Return Trends
May 25China SpacesatLtd's (SHSE:600118) Weak Earnings Might Be Worse Than They Appear
Apr 23China SpacesatLtd (SHSE:600118) Seems To Use Debt Quite Sensibly
Mar 21China Spacesat Co.,Ltd. (SHSE:600118) Looks Inexpensive But Perhaps Not Attractive Enough
Feb 28Financial Position Analysis
Short Term Liabilities: 600118's short term assets (CN¥10.0B) exceed its short term liabilities (CN¥5.0B).
Long Term Liabilities: 600118's short term assets (CN¥10.0B) exceed its long term liabilities (CN¥392.7M).
Debt to Equity History and Analysis
Debt Level: 600118 has more cash than its total debt.
Reducing Debt: 600118's debt to equity ratio has reduced from 3.3% to 2.5% over the past 5 years.
Debt Coverage: 600118's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600118 earns more interest than it pays, so coverage of interest payments is not a concern.