Zhejiang Communications Technology Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Communications Technology has a total shareholder equity of CN¥15.2B and total debt of CN¥14.2B, which brings its debt-to-equity ratio to 93.4%. Its total assets and total liabilities are CN¥64.7B and CN¥49.5B respectively. Zhejiang Communications Technology's EBIT is CN¥1.9B making its interest coverage ratio -17.7. It has cash and short-term investments of CN¥9.7B.
Key information
93.4%
Debt to equity ratio
CN¥14.20b
Debt
Interest coverage ratio | -17.7x |
Cash | CN¥9.75b |
Equity | CN¥15.20b |
Total liabilities | CN¥49.55b |
Total assets | CN¥64.75b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002061's short term assets (CN¥48.7B) exceed its short term liabilities (CN¥42.4B).
Long Term Liabilities: 002061's short term assets (CN¥48.7B) exceed its long term liabilities (CN¥7.2B).
Debt to Equity History and Analysis
Debt Level: 002061's net debt to equity ratio (29.3%) is considered satisfactory.
Reducing Debt: 002061's debt to equity ratio has increased from 73.2% to 93.4% over the past 5 years.
Debt Coverage: 002061's debt is not well covered by operating cash flow (9.8%).
Interest Coverage: 002061 earns more interest than it pays, so coverage of interest payments is not a concern.