Zhuhai CosMX Battery Balance Sheet Health
Financial Health criteria checks 4/6
Zhuhai CosMX Battery has a total shareholder equity of CN¥7.2B and total debt of CN¥6.6B, which brings its debt-to-equity ratio to 92.6%. Its total assets and total liabilities are CN¥21.5B and CN¥14.3B respectively. Zhuhai CosMX Battery's EBIT is CN¥95.0M making its interest coverage ratio 0.8. It has cash and short-term investments of CN¥4.6B.
Key information
92.6%
Debt to equity ratio
CN¥6.65b
Debt
Interest coverage ratio | 0.8x |
Cash | CN¥4.62b |
Equity | CN¥7.18b |
Total liabilities | CN¥14.30b |
Total assets | CN¥21.49b |
Recent financial health updates
Recent updates
Zhuhai CosMX Battery (SHSE:688772) Seems To Use Debt Quite Sensibly
May 13Zhuhai CosMX Battery's (SHSE:688772) Earnings Aren't As Good As They Appear
Apr 15Zhuhai CosMX Battery Co., Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Apr 11Why We're Not Concerned About Zhuhai CosMX Battery Co., Ltd.'s (SHSE:688772) Share Price
Apr 09The Returns On Capital At Zhuhai CosMX Battery (SHSE:688772) Don't Inspire Confidence
Mar 18Financial Position Analysis
Short Term Liabilities: 688772's short term assets (CN¥9.7B) exceed its short term liabilities (CN¥9.5B).
Long Term Liabilities: 688772's short term assets (CN¥9.7B) exceed its long term liabilities (CN¥4.8B).
Debt to Equity History and Analysis
Debt Level: 688772's net debt to equity ratio (28.2%) is considered satisfactory.
Reducing Debt: 688772's debt to equity ratio has increased from 34.9% to 92.6% over the past 5 years.
Debt Coverage: 688772's debt is well covered by operating cash flow (43.6%).
Interest Coverage: 688772's interest payments on its debt are not well covered by EBIT (0.8x coverage).