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).