China Aerospace Times Electronics Balance Sheet Health
Financial Health criteria checks 5/6
China Aerospace Times Electronics has a total shareholder equity of CN¥23.9B and total debt of CN¥8.2B, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are CN¥49.2B and CN¥25.2B respectively. China Aerospace Times Electronics's EBIT is CN¥395.7M making its interest coverage ratio -69.3. It has cash and short-term investments of CN¥4.7B.
Key information
34.1%
Debt to equity ratio
CN¥8.16b
Debt
| Interest coverage ratio | -69.3x |
| Cash | CN¥4.69b |
| Equity | CN¥23.91b |
| Total liabilities | CN¥25.24b |
| Total assets | CN¥49.15b |
Recent financial health updates
We Think China Aerospace Times Electronics (SHSE:600879) Is Taking Some Risk With Its Debt
Sep 23
Is China Aerospace Times Electronics (SHSE:600879) Using Too Much Debt?
Feb 27Recent updates
We Think China Aerospace Times Electronics (SHSE:600879) Is Taking Some Risk With Its Debt
Sep 23Risks To Shareholder Returns Are Elevated At These Prices For China Aerospace Times Electronics CO., LTD. (SHSE:600879)
Jul 05Some Investors May Be Worried About China Aerospace Times Electronics' (SHSE:600879) Returns On Capital
Jun 17Why China Aerospace Times Electronics' (SHSE:600879) Shaky Earnings Are Just The Beginning Of Its Problems
Mar 30Optimistic Investors Push China Aerospace Times Electronics CO., LTD. (SHSE:600879) Shares Up 26% But Growth Is Lacking
Mar 06Is China Aerospace Times Electronics (SHSE:600879) Using Too Much Debt?
Feb 27Financial Position Analysis
Short Term Liabilities: 600879's short term assets (CN¥41.5B) exceed its short term liabilities (CN¥24.5B).
Long Term Liabilities: 600879's short term assets (CN¥41.5B) exceed its long term liabilities (CN¥707.4M).
Debt to Equity History and Analysis
Debt Level: 600879's net debt to equity ratio (14.5%) is considered satisfactory.
Reducing Debt: 600879's debt to equity ratio has reduced from 46.8% to 34.1% over the past 5 years.
Debt Coverage: 600879's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600879 earns more interest than it pays, so coverage of interest payments is not a concern.