China Aerospace Times Electronics Balance Sheet Health
Financial Health criteria checks 5/6
China Aerospace Times Electronics has a total shareholder equity of CN¥23.8B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 13.2%. Its total assets and total liabilities are CN¥47.0B and CN¥23.3B respectively. China Aerospace Times Electronics's EBIT is CN¥558.1M making its interest coverage ratio 37.5. It has cash and short-term investments of CN¥3.6B.
Key information
13.2%
Debt to equity ratio
CN¥3.15b
Debt
| Interest coverage ratio | 37.5x |
| Cash | CN¥3.60b |
| Equity | CN¥23.78b |
| Total liabilities | CN¥23.25b |
| Total assets | CN¥47.04b |
Recent financial health updates
Recent updates
Some Investors May Be Worried About China Aerospace Times Electronics' (SHSE:600879) Returns On Capital
Jun 17
Why 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¥39.5B) exceed its short term liabilities (CN¥22.6B).
Long Term Liabilities: 600879's short term assets (CN¥39.5B) exceed its long term liabilities (CN¥613.1M).
Debt to Equity History and Analysis
Debt Level: 600879 has more cash than its total debt.
Reducing Debt: 600879's debt to equity ratio has reduced from 45.3% to 13.2% over the past 5 years.
Debt Coverage: 600879's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600879's interest payments on its debt are well covered by EBIT (37.5x coverage).