Zhejiang Communications Technology Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Communications Technology has a total shareholder equity of CN¥16.6B and total debt of CN¥13.7B, which brings its debt-to-equity ratio to 82.6%. Its total assets and total liabilities are CN¥72.7B and CN¥56.1B respectively. Zhejiang Communications Technology's EBIT is CN¥1.9B making its interest coverage ratio -34.9. It has cash and short-term investments of CN¥8.5B.
Key information
82.6%
Debt to equity ratio
CN¥13.70b
Debt
| Interest coverage ratio | -34.9x |
| Cash | CN¥8.48b |
| Equity | CN¥16.59b |
| Total liabilities | CN¥56.09b |
| Total assets | CN¥72.67b |
Recent financial health updates
Recent updates
Analyst Forecasts Just Became More Bearish On Zhejiang Communications Technology Co., Ltd. (SZSE:002061)
Sep 04
Zhejiang Communications Technology Co., Ltd. (SZSE:002061) Might Not Be As Mispriced As It Looks
Jul 01Zhejiang Communications Technology (SZSE:002061) Is Reducing Its Dividend To CN¥0.125
Jun 02These 4 Measures Indicate That Zhejiang Communications Technology (SZSE:002061) Is Using Debt Extensively
May 27Are Investors Undervaluing Zhejiang Communications Technology Co., Ltd. (SZSE:002061) By 41%?
Mar 27Financial Position Analysis
Short Term Liabilities: 002061's short term assets (CN¥54.6B) exceed its short term liabilities (CN¥50.1B).
Long Term Liabilities: 002061's short term assets (CN¥54.6B) exceed its long term liabilities (CN¥6.0B).
Debt to Equity History and Analysis
Debt Level: 002061's net debt to equity ratio (31.5%) is considered satisfactory.
Reducing Debt: 002061's debt to equity ratio has increased from 66% to 82.6% over the past 5 years.
Debt Coverage: 002061's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002061 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 | 2025/01/10 04:21 |
| End of Day Share Price | 2025/01/10 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
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Analyst Sources
Zhejiang Communications Technology Co., Ltd. is covered by 8 analysts. 2 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 |
|---|---|
| Tian Guang Long | China Galaxy Securities Co., Ltd. |
| Mingxin Sun | Citic Securities Co., Ltd. |
| Xiaofeng Qiu | Everbright Securities Co. Ltd. |