Zhuzhou CRRC Times Electric Balance Sheet Health
Financial Health criteria checks 6/6
Zhuzhou CRRC Times Electric has a total shareholder equity of CN¥43.6B and total debt of CN¥517.3M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are CN¥63.2B and CN¥19.6B respectively. Zhuzhou CRRC Times Electric's EBIT is CN¥3.2B making its interest coverage ratio -11.6. It has cash and short-term investments of CN¥11.9B.
Key information
1.2%
Debt to equity ratio
CN¥517.33m
Debt
| Interest coverage ratio | -11.6x |
| Cash | CN¥11.85b |
| Equity | CN¥43.61b |
| Total liabilities | CN¥19.61b |
| Total assets | CN¥63.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688187's short term assets (CN¥44.0B) exceed its short term liabilities (CN¥17.9B).
Long Term Liabilities: 688187's short term assets (CN¥44.0B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 688187 has more cash than its total debt.
Reducing Debt: 688187's debt to equity ratio has reduced from 2.3% to 1.2% over the past 5 years.
Debt Coverage: 688187's debt is well covered by operating cash flow (690.1%).
Interest Coverage: 688187 earns more interest than it pays, so coverage of interest payments is not a concern.