China Aerospace Times Electronics Balance Sheet Health
Financial Health criteria checks 5/6
China Aerospace Times Electronics has a total shareholder equity of CN¥24.1B and total debt of CN¥5.8B, which brings its debt-to-equity ratio to 24.1%. Its total assets and total liabilities are CN¥45.5B and CN¥21.5B respectively. China Aerospace Times Electronics's EBIT is CN¥389.9M making its interest coverage ratio -1.3. It has cash and short-term investments of CN¥3.6B.
Key information
24.1%
Debt to equity ratio
CN¥5.80b
Debt
| Interest coverage ratio | -1.3x |
| Cash | CN¥3.64b |
| Equity | CN¥24.08b |
| Total liabilities | CN¥21.45b |
| Total assets | CN¥45.53b |
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
China Aerospace Times Electronics CO., LTD.'s (SHSE:600879) 28% Price Boost Is Out Of Tune With Earnings
Nov 11What Does The Future Hold For China Aerospace Times Electronics CO., LTD. (SHSE:600879)? These Analysts Have Been Cutting Their Estimates
Nov 06China Aerospace Times Electronics' (SHSE:600879) Weak Earnings May Only Reveal A Part Of The Whole Picture
Nov 05China Aerospace Times Electronics (SHSE:600879) Will Want To Turn Around Its Return Trends
Oct 11We 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¥38.2B) exceed its short term liabilities (CN¥20.7B).
Long Term Liabilities: 600879's short term assets (CN¥38.2B) exceed its long term liabilities (CN¥712.7M).
Debt to Equity History and Analysis
Debt Level: 600879's net debt to equity ratio (9%) is considered satisfactory.
Reducing Debt: 600879's debt to equity ratio has reduced from 46.4% to 24.1% 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 09:48 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
China Aerospace Times Electronics CO., LTD. is covered by 12 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Zhongyu Liu | China International Capital Corporation Limited |
| Xianfan Chen | China International Capital Corporation Limited |
| Chenshuo Fu | Citic Securities Co., Ltd. |