Shaanxi Zhongtian Rocket Technology Balance Sheet Health
Financial Health criteria checks 5/6
Shaanxi Zhongtian Rocket Technology has a total shareholder equity of CN¥1.6B and total debt of CN¥609.6M, which brings its debt-to-equity ratio to 37.6%. Its total assets and total liabilities are CN¥3.1B and CN¥1.4B respectively. Shaanxi Zhongtian Rocket Technology's EBIT is CN¥69.3M making its interest coverage ratio 17.1. It has cash and short-term investments of CN¥956.4M.
Key information
37.6%
Debt to equity ratio
CN¥609.57m
Debt
| Interest coverage ratio | 17.1x |
| Cash | CN¥956.37m |
| Equity | CN¥1.62b |
| Total liabilities | CN¥1.44b |
| Total assets | CN¥3.06b |
Recent financial health updates
Recent updates
Is Shaanxi Zhongtian Rocket Technology (SZSE:003009) Using Too Much Debt?
Oct 18
What Is Shaanxi Zhongtian Rocket Technology Co., Ltd's (SZSE:003009) Share Price Doing?
Sep 27Shaanxi Zhongtian Rocket Technology (SZSE:003009) May Have Issues Allocating Its Capital
Jul 30Shaanxi Zhongtian Rocket Technology's (SZSE:003009) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Apr 23The Returns On Capital At Shaanxi Zhongtian Rocket Technology (SZSE:003009) Don't Inspire Confidence
Mar 27Financial Position Analysis
Short Term Liabilities: 003009's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥938.9M).
Long Term Liabilities: 003009's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥502.9M).
Debt to Equity History and Analysis
Debt Level: 003009 has more cash than its total debt.
Reducing Debt: 003009's debt to equity ratio has reduced from 40.3% to 37.6% over the past 5 years.
Debt Coverage: 003009's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: 003009's interest payments on its debt are well covered by EBIT (17.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 13:04 |
| End of Day Share Price | 2024/12/23 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shaanxi Zhongtian Rocket Technology Co., Ltd is covered by 1 analysts. 1 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 |
|---|---|
| Huiwei Yin | Minsheng Securities Co. |